ABSTRACT
Carbon markets have grown at exhilarating rates during the last few years. The World Bank estimates the volume of global carbon markets in 2009 to total US$144 billion (Kossoy and Ambrosi, 2010). These markets trade environmental commodities called carbon credits, which are associated with and, in many ways, similar to carbon ecosystem services. As such, carbon markets have, at least in theory, provided an opportunity for project developers to sell forest carbon ecosystem services. Although the role of forestry and agriculture in those markets has been limited so far, this is likely to change in the future as forestry (and also other types of land management) receives increasing interest from climate change policy-makers.
