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Profitability of Direct Greenhouse Gas Measurements in Carbon Credit Schemes of Peatland Rewetting

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  • Günther, Anke
  • Böther, Stefanie
  • Couwenberg, John
  • Hüttel, Silke
  • Jurasinski, Gerald

Abstract

MoorFutures® is the world's first carbon credit scheme from peatland rewetting. Thus far, MoorFutures® rely on proxies (greenhouse gas emission site types or GESTs) to estimate emission reductions. Here, we tested the profitability of including direct greenhouse gas (GHG) measurements of project emissions for a range of rewetting costs and vegetation scenarios based on a hypothetical MoorFutures® project. In almost all scenarios GEST assessments underestimated emission reductions compared with direct measurements. Including direct measurements was lucrative in >50% of all vegetation scenario/rewetting cost combinations with net profits ranging from EUR −8.18 to 26.31 per certificate. Profitability was achieved at rewetting costs of ~EUR 5400ha−1 upward. More sophisticated GHG measurements became profitable at twice the rewetting costs. In cases where direct flux measurements do not generate a profit they can strengthen reliability and buyers' trust and thus support higher prices of the certificates.

Suggested Citation

  • Günther, Anke & Böther, Stefanie & Couwenberg, John & Hüttel, Silke & Jurasinski, Gerald, 2018. "Profitability of Direct Greenhouse Gas Measurements in Carbon Credit Schemes of Peatland Rewetting," Ecological Economics, Elsevier, vol. 146(C), pages 766-771.
    • Handle: RePEc:eee:ecolec:v:146:y:2018:i:c:p:766-771
    DOI: 10.1016/j.ecolecon.2017.12.025
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    1. Bonn, Aletta & Reed, Mark S. & Evans, Chris D. & Joosten, Hans & Bain, Clifton & Farmer, Jenny & Emmer, Igino & Couwenberg, John & Moxey, Andrew & Artz, Rebekka & Tanneberger, Franziska & von Unger, M, 2014. "Investing in nature: Developing ecosystem service markets for peatland restoration," Ecosystem Services, Elsevier, vol. 9(C), pages 54-65.
    2. Jenkins, W. Aaron & Murray, Brian C. & Kramer, Randall A. & Faulkner, Stephen P., 2010. "Valuing ecosystem services from wetlands restoration in the Mississippi Alluvial Valley," Ecological Economics, Elsevier, vol. 69(5), pages 1051-1061, March.
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    Cited by:

    1. Willenbockel, Dirk, 2024. "Peatland restoration in Germany: A dynamic general equilibrium analysis," Ecological Economics, Elsevier, vol. 220(C).
    2. Lauma Balode & Dagnija Blumberga, 2024. "Comparison of the Economic and Environmental Sustainability for Different Peatland Strategies," Land, MDPI, vol. 13(4), pages 1-20, April.
    3. Edward B. Barbier, 2022. "The Policy Implications of the Dasgupta Review: Land Use Change and Biodiversity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(4), pages 911-935, December.

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