Florence H. Daviet, Suzie Greenhalgh, and Emily Weninger. World Resources Institute, 10 G Street NE, Suite 800, Washington, DC 20002
Programs or policies that encourage certain changes in land-use and/or management practices could result in significant reductions in GHG emissions or increases in GHG removals. To understand the extent of the GHG reductions (CO2, CH4, N20) however, GHG reductions must be transparently and credibly accounted for and reported. The World Resources Institutes’ Land Use, Land-Use Change, and Forestry Guidance for Project Accounting (LULUCF Guidance) provides guidance on all of the accounting steps required: defining the boundary within which GHG removals/emissions are accounted for; developing standardized procedures for estimating baseline GHG removals/emissions; developing a carbon reversibility management plan, etc. Whether a project developer is seeking to receive credit for a certain land use or forestry activity or a program administrator is seeking to develop a policy framework to incentivize such projects, the LULUCF Guidance clearly outlines the accounting process and reporting requirements needed to meet these objectives.