3-22-05 Baltimore USDA 3 rd GHG Symposium.ppt 5 Measurements must be more precise… l The reasons we need to improve our ability to measure carbon stock changes over time are more demanding than in the past l Forest carbon is becoming an asset that must be managed with respect to both liabilities and equity values External reporting of year-to-year changes External reporting of year-to-year changes Annual improvement increments more narrow than uncertainty bands Annual improvement increments more narrow than uncertainty bands Third party verification of total stocks and annual stock changes to support GHG credit trading objectives Third party verification of total stocks and annual stock changes to support GHG credit trading objectives Management of the liabilities associated with carbon stock losses in a trading program Management of the liabilities associated with carbon stock losses in a trading program The need to track forestland acquisitions, divestitures, use changes (LULUCF) The need to track forestland acquisitions, divestitures, use changes (LULUCF) Reduce the costs of accurate measurement on large tracts Reduce the costs of accurate measurement on large tracts Support of dual valuation models: timber and/or carbon yield opportunities Support of dual valuation models: timber and/or carbon yield opportunities
{}