ABSTRACT
Slowing global climate change has become one of the central goals of environmental policy and governance actions during the past two decades. Among the most visible and controversial manifestations of these actions are efforts to create global markets for carbon offset credits in forests, other vegetation, and soils-also called carbon “sinks.” This is being done under the guise of the REDD+ (Reducing Emissions from Deforestation and forest Degradation) 1 program established under the United Nations Framework Convention on Climate Change (UNFCCC), as well as through unregulated markets in which organizations and individuals voluntarily invest in carbon sinks to offset carbon emissions (“voluntary markets”).
