How carbon markets systematically undervalue tropical forests’ climate benefits
In this explainer released in October 2022, the World Resources Institute explains that carbon markets are currently undervaluing tropical forest carbon credits. Why? They do not account for tropical forests’ non-carbon biophysical processes such as albedo; evapotranspiration, surface roughness and aerosols. Is there a way to accurately reflect these non-carbon benefits and climate mitigation potential in the voluntary carbon market?