This CICERO working paper focuses on policy issues associated with carbon sinks and provides a good overview of the potential and costs involved in implementing the land use,  land use change and forestry options under the Kyoto Protocol.

After a brief background section on the relevant articles of the Protocol, the paper estimates the capacity of the world’s forests for carbon uptake, and projects the associated costs of doing so. While the paper reveals significant variations between the gain and cost, it is suggested that sequestration projects in developing countries are far less expensive than in the North.

This accessible paper includes some technical details on methods for carbon accounting. It also provides a useful section on the outcomes and implications of climate negotiations.