Factors influencing current interests and motivations of local governments to supply carbon offset credits from urban forestry
This study conducted a nationwide survey of municipal governments in the United States to assess their motivations, willingness, and technical as well as managerial capacities of cities to store carbon and sell carbon offsets. The analysis reveals that cities are fairly interested in selling carbon offsets and their interest in carbon trading is driven by the degree of urbanization, the awareness and interest of their voting constituents, and the need for additional revenues that can be generated from carbon offset sales. An understanding of urban forest carbon sequestration and familiarity with carbon market institutions such as the Chicago Climate Exchange (CCX) significantly increased the likelihood of a city wanting to sell urban forest carbon offsets. While a majority of cities currently have technical and managerial capacities to begin a carbon trading project, there appears to be a fundamental disconnect to market participation.