Potential Analysis of Mediterranean Forestry for Offsetting GHG Emissions at Regional Level: Evidence from Valencia, Spain

Forest management is an untapped tool, yet to realize its full potential to fight against climate change. The capability of forests to act as carbon sinks makes them a key resource to reduce CO₂ concentration in the atmosphere. However, carbon which has been fixed can be suddenly emitted again as a consequence of disturbances such as pests or wildfires. Mediterranean plant phenology, climatic conditions, and the accumulation of fuel biomass due to abandonment of traditional forest uses generate a scenario prone to large wildfires and consequently large greenhouse gases (GHG) emissions. The abandonment could be offset by considering the economic value of forest ecosystem services, principally carbon fixation. Nevertheless, currently existing forest carbon markets consider only anthropogenic fixation based on a business as usual scenario without disturbances that cannot be applied to Mediterranean forest reality. Thus, a methodology to monetize carbon fixed has been developed and applied. A range between 55.5 and 250 million € produced by the monetization of 16.5 million potential carbon credits has been obtained based on anthropogenic avoided emissions produced over a 10 year-period. Thereby, the potential for offsetting emissions of the pilot region was between 1.2% and 5.6% of total diffuse GHG emissions. Consequently, sustainable forest management represents an important opportunity to combat climate change, taking advantage of the margin of improvement that the Mediterranean forests currently have to avoid GHG emissions through forest fire prevention silviculture.