Global mitigation potential of carbon stored in harvested wood products

, as traded feedstock is ineligible for national GHG inventories. However, even under favorable socioeconomic conditions, and when accounting for the sequestration gap, carbon stored annually in HWPs is <1% of global emissions. Furthermore, economic shocks can turn the HWP pool into a carbon source either long-term-e.g., the collapse of the USSR-or short-term-e.g., the US economic recession of 2008/09. In conclusion, carbon stored within end-use HWPs varies widely across countries and depends on evolving market forces.