This document discusses emerging opportunities for the forest industry in carbon markets. It provides an overview of Eric Kingsley's company, Innovative Natural Resource Solutions LLC, which focuses on consulting at the intersection of forests, energy and economics. It then summarizes different carbon market mechanisms, including compliance and voluntary markets, and what makes a good carbon offset project for forests. Examples of current forest carbon programs are outlined, and implications for the forest industry are discussed, including new revenue opportunities but also potential constraints on timber supply.