Beyond Europe the value of forestry 'offsets' is well recognised by governments and other large bodies like the Chicago Climate Exchange and the New South Wales Greenhouse Gas Abatement Scheme. In California a scheme to tie offsets in with the preservation of Indonesian rain forests is currently underway.
As strange as it might sound, trees eat CO - then they turn it into wood and (very importantly) oxygen.
As trees breathe, feed and grow, they trap carbon at rates and
levels that can be scientifically estimated. Likewise, estimates of the C0 emissions produced by trade, industry and manufacture can also be made. The next step is to calculate how much new forest it would take (plus how long that forest would need to stay in the ground) to 'sink' those emissions, i.e. lock up the harmful carbon but give back the oxygen.
This being an inexact science, it is vital to err on the side of safety. Our calculation model (see right) provides a safety margin so generous that three times the targeted amount of carbon can, in practice, be sequestered. That extra amount is forever untradable, held as insurance against the risks of destruction or slow growth. It's just a gift to the environment!
To 'offset' a thing means to compensate for its negative impact. Ideally, there should be no such thing as offsets of any kind because we shouldn't be churning out so much CO in the first place - which is why a lot of extra money (and CO itself!) is currently being released in the quest for renewables and cleaner energy sources. But progress is slow: e.g. protection of the world's rain forests (whose decimation accounts for 20% of global CO ) is on many agendas - yet the rain forests continue to fall at a sickening rate.
Alhough not a 'quick fix', the creation of additional woodlands specifically to act as carbon sinks is an antidote with many ecological fringe benefits. Forestry schemes like ours, which follow Kyoto's 'additionality' principle, make a real contribution towards locking in the world's unavoidable CO . But genuine carbon woodlands must be distinguished from poor quality, opportunistic schemes. To this end the UK Forestry Commission has developed a quality assurance standard by which projects can be independently verified - this (the Woodland Carbon Code) will be published in draft form in July, 2010.
As trees breathe, feed and grow, they trap carbon at rates and
levels that can be scientifically estimated. Likewise, estimates of the C0 emissions produced by trade, industry and manufacture can also be made. The next step is to calculate how much new forest it would take (plus how long that forest would need to stay in the ground) to 'sink' those emissions, i.e. lock up the harmful carbon but give back the oxygen.
This being an inexact science, it is vital to err on the side of safety. Our calculation model (see right) provides a safety margin so generous that three times the targeted amount of carbon can, in practice, be sequestered. That extra amount is forever untradable, held as insurance against the risks of destruction or slow growth. It's just a gift to the environment!
To 'offset' a thing means to compensate for its negative impact. Ideally, there should be no such thing as offsets of any kind because we shouldn't be churning out so much CO in the first place - which is why a lot of extra money (and CO itself!) is currently being released in the quest for renewables and cleaner energy sources. But progress is slow: e.g. protection of the world's rain forests (whose decimation accounts for 20% of global CO ) is on many agendas - yet the rain forests continue to fall at a sickening rate.
Alhough not a 'quick fix', the creation of additional woodlands specifically to act as carbon sinks is an antidote with many ecological fringe benefits. Forestry schemes like ours, which follow Kyoto's 'additionality' principle, make a real contribution towards locking in the world's unavoidable CO . But genuine carbon woodlands must be distinguished from poor quality, opportunistic schemes. To this end the UK Forestry Commission has developed a quality assurance standard by which projects can be independently verified - this (the Woodland Carbon Code) will be published in draft form in July, 2010.
What you get with a Forest Carbon scheme:
Ownership of all carbon sequestered by your project's tree biomass and soil. About one third of these rights will be transferred to investors: the balance is permanently retained as a generous contingency. Expected to remain untouched these extra trees are a nice bonus for the environment.
Naming rights and guaranteed public access to your sites as well as site access for promotional events.
Independent monitoring of the site to assess sequestration rates and to ensure good practice
is being followed.
Enhancement of your organisation's internal
awareness of matters relating to climate change,
C0 emissions, energy and fossil fuel consumption, etc. (This has been shown to have a real impact on staff attitudes towards economies in travel, transport, energy, etc.)
Potential recognition for your 'early action' on climate change: government negotiations to add further categories of industry to mandatory carbon trading regimes are ongoing (e.g. aviation and shipping will be next.)
Improved corporate pride and reputation: The best people want to work for the best organisations.
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Making a Meal out of CO : how trees can help...
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THE
FOREST CARBON
CARBON CALCULATOR MODEL
FOREST CARBON
CARBON CALCULATOR MODEL
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timber/carbon ratios
x
expected growth rates (yield class)
=
sequestration over project's life
x
expected growth rates (yield class)
=
sequestration over project's life
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The result is extremely conservative
being based on:
being based on:
1. counting the usable timber only.
2. exclusion of the soil carbon figure.
3. 'expected growth' calculation done
per species using the UK Forestry
Commission's Ecological Site
Classification model .
2. exclusion of the soil carbon figure.
3. 'expected growth' calculation done
per species using the UK Forestry
Commission's Ecological Site
Classification model .
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UK Forestry Commission:
Grant Aid and scrutiny
Most Forest Carbon projects will come complete with Forestry Commission grant aid. This means buyers need provide only the top-up funding necessary to make a project break even.
Projects in receipt of Forestry Commission funding must meet strict requirements regarding bio-diversity, sustainability and forestry management. Forest Carbon welcomes such scrutiny: it works towards a necessary regularisation of standards for forestry projects in voluntary carbon markets.
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For more on the theory and politics of forestry credits go to the glossary or click here.
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Ltd
Registered in England and Wales: No: 06041000 NETPark, Thomas Wright Way. Sedgefield, Co. Durham, TS21 3FD, UK t: +44 (0) 0845 680 4480 f: +44 (0) 0845 680 4490 e: info@forestcarbon.co.uk
