Funds would be delivered through climate mitigation contracts for activities that:
- "measurably increase carbon sequestration and storage over a designated contract period through management activities on eligible lands; and
- maintain carbon sequestration and storage and avoid future emissions through permanent avoided conversion agreements on eligible lands."
Any thoughts on this? Has this kind of thing been proposed in any other jurisdictions? I certainly think it would be a great policy option for Canada's federal and provincial governments: finance forest carbon protection through the use of auction revenue set asides from cap-and-trade systems.