This new management could include: a change in land ownership, the adoption of a new management plan, reforesting previously unforested lands, protecting forests that are planned for removal, or extending the length of harvest rotations. Projects require some change in management to be eligible for participation. Am I planning to purchase new forest land or adopt a new management regime?.However there are several questions to consider before pursuing detailed eligibility requirements. If you own and manage forestland, you may be able to sell carbon credits generated from management activities on your land. Is my forest a good fit for a carbon project? Today, there are many forest carbon “protocols” developed by non-profit organizations to quantify, track, and manage voluntary carbon reductions according to rigorous standards. Though this market isn’t regulated by government, forest carbon credits that meet high standards can generate significant revenue.
Offsets can also be purchased from organizations that reduce overall greenhouse gases through actions such as growing trees.įorestland owners can also sell forest carbon credits onto the voluntary market, in which businesses and individuals voluntarily buy credits to offset the emissions of, say, their business operations for a year or a long plane trip, in the case of individuals. They can 1) reduce their overall emissions or 2) they can purchase an offset from another emitter that is below its cap - this is the “trade”. Under a regulated market, emitters of greenhouse gases generally have two means to meet their obligations. In order to prevent an amount of emissions from exceeding this cap, each major polluter (e.g., industry, energy producers, transportation) is allowed a specific amount. These markets set a total allowable amount of greenhouse gas emissions - the “cap”- to limit the impact to the climate to an acceptable level. The first is a regulated market created by “cap and trade” regulations at the state and regional level. There are two major categories of carbon markets.
CARBON CREDITS VALUE VERIFICATION
How do the different markets and third-party verification programs work?.What are the eligibility requirements all projects have to meet?.Is my forest a good fit for a carbon project?.We’ve organized it around these questions: It gives a background on existing markets and helps landowners take an initial look at what’s involved in selling forest carbon into the markets. In order to help landowners participate in these growing opportunities, Ecotrust has created this guide. Carbon markets present one way for timberland owners to derive value from well-managed forests.
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