Is new forest protection rewarded?
Yes. If a nation creates a new protected area, or changes business as usual land use from one with high terrestrial carbon emissions (eg, conversion of forest to agriculture) to one with lower emissions (eg, sustainable forestry management), it can generate and sell corresponding Terrestrial Carbon Credits. If a nation undertakes such action between the start of the proposed system and the date the nation joins the system, it could still claim credit for that action as “early action”. Therefore, there is no disincentive for nations to undertake such action while it gets ready to take part in the system.
