Carbon rights refer to the claims on the benefit streams from carbon pools, for example, the benefit from a specific parcel of forest. Where a market exists for GHG emissions reductions carbon rights may have a financial value. Carbon rights may also define the management responsibilities associated with a specific area of forest. Issues concerning carbon rights include how the rights are defined, how they work in places where land ownership is unclear, and whether legal institutions are strong enough to protect the rights.
"Glossary", Center for International Forestry Research (CIFOR),"Moving Ahead with REDD. Issues, Options and Implications "Center for International Forestry Research, Indonesia, 2008. http://www.cifor.cgiar.org/publications/pdf_files/Books/BAngelsen0801.p…
Carbon rights define which parties have the right to the benefits generated from carbon emission reductions, e.g., by selling a carbon credit in voluntary and compliance carbon markets, or through a government-sponsored PES scheme. They can be - but are not necessarily - tied to the ownership of forest land. Carbon revenue can also be shared among stakeholders, e.g., different levels of government.