There is growing awareness of the need to put a value on the services nature provides and, more specifically, affix a price to the human activi-ties that use these resources. These activities are typically classified as land use, land-use change, and forestry (LULUCF) and, in aggregate account for about 30 percent of global greenhouse gas (GHG) emissions. Of these activities, forestry receives the most attention because “forestry, as defined by the Intergovernmental Panel on Climate Change (IPCC), produces around 17 percent of global