The world’s forests, including the forests of Virginia, play a large, positive role in the climate change issue.
Forest trees use the photosynthesis process to remove CO2 from the air and store the carbon in trees, understory vegetation, the forest floor and in the soil. This role of carbon removal, or sequestration, makes the forest a type of carbon sink by absorbing more CO2 than is emitted. This absorption partially offsets the contribution of carbon to the atmosphere from carbon sources such as the burning of fossil fuels.
Reports estimate that forest tree growth in Virginia sequesters 6.42 million metric tons of carbon each year (the equivalent of 23.54 million metric tons of CO2). A DEQ report estimates Virginia’s contribution to carbon sources at 120 million metric tons of CO2. Thus Virginia forests offset nearly 20% of Virginia’s CO2 emissions.
Carbon sequestration provided by trees is a positive aspect of the forest's role in climate change. Two other factors to consider are land use conversion and the fate of forest products.
Since forests serve as large stores of carbon, converting forests to other land use makes an immediate contribution to CO2 emissions as the land is cleared, debris is burned and soil is removed or disturbed. It is estimated that the loss of forest and land to agricultural or urban uses contributes about 3% of Virginia’s CO2 emissions each year.
When trees are harvested and made into forest products the carbon in the wood or paper does not immediately return to the atmosphere. In this way, our houses, furniture and even paper (especially when buried in landfills) serve as a carbon sink.
Carbon markets have been established to reduce CO2 emissions. These marketplaces allow buyers and sellers to trade carbon credits.
Forest landowners generate carbon credits through activities such as planting trees, conserving forests, and practicing good forest management. Businesses that generate CO2 can offset their CO2 emissions by purchasing carbon credits generated by a forest landowner.
Limited opportunities exist to market carbon that is captured and stored (sequestered) by forests. Prices for carbon credits are variable and are dependent on the project acreage, quality of carbon credit, and the type of market transaction.
Carbon markets may be a good fit for your forest management strategy. Landowners should consult an expert knowledgable about carbon transactions to determine if carbon markets are a good fit with their management plan.
US Forest Service Northern Global Change Research Program
Human Activities Increasing Carbon Sequestration In Forests: http://www.fs.fed.us/climatechange/ and http://www.forestthreats.org/research/projects/climate-change.