How attractive are short-term CDM forestations in arid regions? The case of irrigated croplands in Uzbekistan

► Short-rotation CDM A/R is more profitable than annual cotton and winter wheat cultivation in marginal areas. ► tCER alone are insufficient to cover initial investments. ► Dual purpose of C sequestration and non-timber production increase profitability of CDM A/R. ► CDM A/R could promote water saving via adjusting tCER prices to water availability.