Carbon Credit Project Development Questions
What is a carbon offset credit?
A credit assigned by a carbon registry as a direct result of the quantifiable reduction of greenhouse gas (GHG) emissions. Each ton of carbon stored in your trees is measured by Green Assets and certified by a carbon registry. These “carbon credits” are purchased by regulated companies who buy them to offset their annual GHG emissions. One carbon offset credit equals one metric tonne of CO2 reduced or removed from the atmosphere. In a forest-based carbon project, trees are the mechanism for removing GHG emissions from the atmosphere.
What is a carbon registry?
How do you measure CO2?
In forest-based carbon sequestration, CO2 removed from the atmosphere is calculated by measuring the amount of carbon stored in trees. Our analysts use industry-approved methodologies to calculate the amount of carbon stored in the trees on your property.
How do I know if my property will qualify as a carbon project?
Criteria for project development include the number of acres, the species and age of trees on your land, your geographic location, and any existing local statutes. These factors will be determined during our initial feasibility study.
Which project type would be best for us and why?
Green Assets offers expertise in designing all approved projects types – Avoided Conversion, Improved Forest Management and Reforestation Projects. During the feasibility study our team will discuss your goals, as well as assess the physical characteristics of your land in order to determine which route is best for you.
What is the difference between an “Avoided Conversion” project and an “Improved Forest Management” project?
Avoided Conversion (AC) – An Avoided Conversion Project involves preventing the conversion of forestland to a non-forest land use by dedicating the land to continuous forest cover through a conservation easement.
Improved Forest Management (IFM) – An Improved Forest Management Project involves transitioning to timber management activities that maintain or increase carbon stocks on forested land relative to baseline levels of carbon stocks. (i.e. – extending rotation length). “Baseline levels” would represent the state of timber management activities on your property prior to implementing a carbon project.
Do you have to have a conservation easement in place to do a carbon project?
Not necessarily. For Avoided Conversion projects, a conservation easement is required. For IFM projects, a conservation easement is not required, however, placing an easement can lead to greater overall revenue from the project. Green Assets will help you understand the effects of placing an easement on your land and its overall effect on a forest carbon project.
What is the timeframe of the feasibility study? (And the whole project?)
Once we have collected all necessary documentation from the landowner (maps, ownership records, timber records, etc.) and any other necessary documentation from third party contractors, the feasibility study should take approximately 4-6 weeks. Every project is unique and has its own complexities. A typical project, however, should take from 12-18 months to complete.
Why would we NOT do this?
A forest carbon project designed by Green Assets can be a very lucrative option for many private timber owners. There are management constraints that should be considered as well as long-term encumbrances that run with the land. During the feasibility study, we will work with you to determine the pluses and minuses of implementing a project on your land.
How do controlled burns come into play on a carbon project?
Controlled burns are allowed under the forest protocol as a means of forest management.
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