. . . the Nebraska Carbon
Sequestration Advisory Committee
Thank you for visiting the
University of Nebraska- Lincoln, USA.
Frequently Asked Questions
Emissions of carbon dioxide per capita are generally the largest in
the U.S. This does not mean, however, that our technologies are
not efficient in the release of carbon, although there is always room
for improvement. This picture of emissions around the world is from the
New York Times, July 16, 2001:

What is driving the move to storage of carbon in forest, crop and
agricultural land?
In effect, the Kyoto Protocol of 1997 is still fundamentally driving
changes in how we think about greenhouse gases, including carbon
dioxide. With the recent agreement forged in Bonn, Germany in
July, 2001 it is now a much higher probability that carbon emissions
trading will emerge, and that storage for carbon could indeed become a
marketable commodity. We may now see a market in carbon stored in
the soil and plants, a "carbon sequestration credits" market, or the
"carbon offsets" market. In all cases, we perhaps can think of such
mechanisms as involving "cap and trade," that is, working together to
place a cap on carbon emissions will give the basis for a market,
actually several different kinds of carbon markets.
Also, if markets do not emerge, perhaps government payments
would become available based on the mechanism of "baseline and emissions
credits," i.e., wherein payments might be made for reducing emissions
below some baseline and for increasing the amount of carbon
stored. We might also see some mixture of government payments and carbon
marketing.
Why be concerned with defining how much carbon can be sequestered
and stored in land?
Defining storage is necessary to both the emerging carbon offsets
market and (perhaps, eventually) the carbon dioxide emissions market.
One of the main reasons the July, 2001 agreement became possible was the
European Union's agreement to give credit to Japan for carbon stored in
forests due to management practices since 1990, so storage is clearly a
substantive issue. Any kind of human induced changes in cropland,
forest and grazing land since 1990 will be counted in part toward
meeting emissions reductions (see the
Details, requires Acrobat Reader).
Will the United States participate in the emerging emissions and
storage (sequestered carbon) markets?
Significant uncertainty surrounds the matter of how the carbon
problem will be resolved in the U.S. The U.S. Congress, for
example, probably will not ratify the Protocol, with remaining
concerns over the Protocol not requiring emissions limits in developing
countries. Also, the Administration has not, and still does not
favor the Protocol. In an Associated Press Release on March 13-14, 2001,
President Bush noted: "I do not believe.... that the government should
impose on power plants mandatory emissions reductions for carbon
dioxide, which is not a 'pollutant' under the Clean Air Act."
Again, in July (see New York Times, July 23, 24), the Bush
Administration reiterated its concerns that the Protocol will not solve
the problem, that it is fatally flawed: It is "not sound policy" (Dobrianski,
under secretary of state for global affairs, quoted in the NYT, July 24,
2001). The U.S. was also on the sidelines during the agreement to
the Accord in July, 2001.
Intriguingly, sulfur emissions limits and a sulfur dioxide emissions
trading market emerged under the previous Bush Administration, as
reflected in Title IV of the 1990 Clean Air Act. This has proven
to be a unique and fascinating policy public policy experiment in how to
legitimize both a government and a market role in enhancing the
environment, with government setting the "cap" and the market handling
the "trade," in productive partnership.
(see regularly updated materials with this message at this site),
i.e., global warming from carbon dioxide is not a problem.
Most scientists, however, interpret the evidence quite
differently, and,
while
carbon dioxide may or may not (see NASA report) be the fundamental
climate forcing gas, green house gases, together, appear to be
helping raise global temperatures.
Last update:
October, 2001 |