I am aware of the research being conducted under the CarboEurope programme and the announcement of the initial results from the project in October.
CarboEurope comprises a cluster of projects with the objective of advancing the understanding of carbon fixation mechanisms and to quantify the magnitude of the carbon sources and sinks for a range of European terrestrial ecosystems and how these may be constrained by climate variability, availability of nutrients, changing rates of nitrogen deposition and interaction with management regimes. A number of scientists involved in the Irish project CARBiFOR are also part of the CarboEurope team. Results from this programme as they become available will feed into Ireland's carbon accounting process.
I would point out that results from Irish research show that the greatest annual accumulation of carbon is likely to occur during the mid stages of forest growth, when trees are growing most vigorously, typically between ages 15 to 25; certainly not when forests are old, when growth, and hence carbon sequestration, is know to fall off considerably. Work that is currently under way in the CARBiFOR project will determine these patterns more precisely. Work is also under way to determine the net effect of the afforestation of peat soils on Ireland's greenhouse gas emissions.