LBNL-61460 Community And Farm Forestry Climate Mitigation Projects: Case Studies From Uttaranchal, India Hooda N. A*, Gera, M. B, Andrasko, K.C, Sathaye, J. D, Gupta, M.K. E, Vasistha, H.B. E, Chandran, M.F And Rassaily, S.S. F a Head, Biodiversity and Climate Change Division, Indian Council of Forestry Research and Education, Dehradun, UA, 248006, India; Email:
[email protected] b Indira Gandhi National Forest Academy, Dehradun, India c United States Environmental Protection Agency, Washington, USA d Lawrence Berkeley National Laboratory, California e Forest Research Institute, Dehradun, India f Uttaranchal Forest Department, India (* Corresponding author: Email:
[email protected]) Abstract. The methodologies for forest mitigation projects still present challenges to project developers for fulfillment of criteria within the Clean Development Mechanism or other such mechanisms for the purpose of earning carbon credits. This paper systematically approaches the process of establishing carbon stocks for baseline and mitigation scenario for two case studies ie. community and farm forestry projects in Uttranchal, India. The analysis of various interventions shows that both projects present high carbon mitigation potential. However, the carbon reversibility risk is lower in long rotation pine and mixed species plantation on community lands. The project is financially viable though not highly lucrative but the carbon mitigation potential in this ‘restoration of degraded lands’ type of project is immense provided challenges in the initial phase are adequately overcome. Carbon revenue is an essential driver for investors in community projects. The short rotation timber species such as Eucalyptus, Poplar have high internal rates of return (IRR) and high carbon benefit reversibility potential due to fluctuations in market prices of commodities produced.