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Bamboo carbon credits now on sale in China

2012/12/17 22:06:51
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Bamboo is now being recognised as a way to offset carbon in China.Joming Lau

BOGOR, Indonesia (14 December, 2012)_Chinese companies can now buy carbonoffsets from local bamboo plantations, thanks to a new accounting method thatcan determine how much carbon is stored in these unique, rapidly-expandingecosystems.

The methodology – developed by the International Network for Bamboo andRattan (INBAR) and its Chinese partnersThe China Green Carbon Foundationand theZhejiang Agriculture and Forestry Universitywasapproved last month by the state forestry administration.

“This is a really big breakthrough,” said Yannick Kuehl, a climate changeexpert at INBAR who helped develop the technique. “This means that now bamboois recognised as carbon offset, and as a tool for climate change mitigationmeasures.”

Although it makes upjust 2.8% of China’s total forest area, bamboo isone of the country’s fastest expanding and most valuable forest land uses. Inthe past 20 years, the bamboo sector in the country has boomed from subsistencefarming to a US$14 billion industry.

New CIFORresearchhas shown that bamboo makes an importantcontribution to rural development in poor areas of China, both for subsistenceand as cash income.

“China is a bamboo ‘kingdom’”, said Li Nuyun, Secretary General of theChina Green Carbon Foundation.

“The multi-benefits generated from bamboo carbon plantations are anattractive asset in the carbon market.”

As plants grow, they absorb carbon dioxide from the atmosphere and storethe carbon in their cells – preventing it from contributing to climate change.

Different plants store carbon at different rates.

“Bamboo is a grass, not a tree, so it has very different growthcharacteristics – it grows a lot faster, up to a metre per day, and it ishighly renewable – so that’s why we needed specific mechanisms to capture thebenefits and advantages of bamboo,” Kuehl said.

 

http://blog.cifor.org/13245/bamboo-carbon-credits-now-on-sale-in-china/#.UM 

Organized by China Green Carbon Foundation  

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