Abstract
Carbon (C) is a new commodity that is now traded in financial markets and there is potential for farmers adopting agroforestry to sell C in addition to traditional timber and non-timber agroforestry commodities. Implementing agroforestry C offset projects is a challenging task, however, and it requires new, market-approved, C accounting methods that reduce transaction costs. This paper describes the Inpang Carbon Bank project in Northeast Thailand developed through collaboration between the Inpang Community Network, scientists at the Department of Forestry, Michigan State University (USA), Mahasarakham University (Thailand), and colleagues at the National Research Council of Thailand. Under this project a new protocol has been developed, which is in review by the Chicago Climate Exchange, besides an on-line C offset monitoring, verification, and reporting management system, called Carbon2Markets. A cost recovery analysis for the Inpang Carbon Bank smallholder teak (Tectona grandis L.f.) offset project shows that C would have to be sold at a value not less than US$1.66 per Mg CO2.
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Acknowledgments
We thank the following for their support of the Inpang Carbon Bank project: Dr. Anond Bunyaratvej, Secretary General, National Research Council of Thailand; Ms. Choosri Keedumrongkul, Director, Office of International Affairs, National Research Council of Thailand, Dr. Prasertsuk Chamornmarn, Deputy Executive Director, Thailand Greenhouse Gas Management Organization; Dr. Jeeraphan Suksringarm, Dean of the Faculty of Science, Mahasarakham University; Ms. Siritorn Dumrongsukit and Ms. Patoo Sangkanukij, support staff at the National Research Council of Thailand; the Inpang Community Network leaders and youth group (especially Mr. Tawatchai Kulwong Mr. Serm Uduomna, Mr. Charatsaiphon Udomsab, Mr. Krongsak Rachrongchai, Mr. Saman Butwang, Mr. Set Mekseangsi, Mr. Sangwian, Mr. Pongpat Rattananiyakun); Mr. Oscar Castaneda and Dr. Eric Kasten, Global Observatory for Ecosystem Services, Carbon2Markets, Department of Forestry, Michigan State University. Financial and in-kind support for this work provided by: the Asia-Pacific Network for Global Change Research (APN ARCP2007-09NSY; PI David L. Skole, Michigan State University); the Office of International Affairs, National Research Council of Thailand; Faculty of Science, Mahasarakham University; Inpang Community Network; Michigan State University (grants from the MSU Vice-President for Research, Research Excellence Fund, for the Carbon2Markets project and from the MSU Environmental Stewardship Campaign, Reducing Greenhouse Gas Emissions on the MSU Campus through commitments to the Chicago Climate Exchange) and the United States National Aeronautics and Space Administration, Land Cover / Land Use Change Program (NNH07ZDA001N-LCLUC “Enhancing Global Scale Observations And Information On Tropical Forest Change Using Landsat Global Data Remote Sensing”).
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Samek, J.H. et al. (2011). Inpang Carbon Bank in Northeast Thailand: A Community Effort in Carbon Trading from Agroforestry Projects. In: Kumar, B., Nair, P. (eds) Carbon Sequestration Potential of Agroforestry Systems. Advances in Agroforestry, vol 8. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-1630-8_15
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DOI: https://doi.org/10.1007/978-94-007-1630-8_15
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