Sales from carbon credits can drive finance to forest projects and enable them to scale up their work. However, so far this source of funding has been inaccessible to small land owners due to the costs and complexities associated with carbon accounting and verification. To scale the sequestration of atmospheric carbon in U.S. family-owned forests and to be able to sell carbon credits from these activities on the voluntary carbon market, the American Forest Foundation and The Nature Conservancy have partnered to develop the Family Forest Carbon Program. As part of this program, the two organizations, together with TerraCarbon, have developed a new Methodology for Improved Forest Management which has been submitted to Verra for approval under the Verified Carbon Standard (VCS) Program. The methodology is open for public comment until 16 September 2020.
This methodology is applicable to a wide range of improved forest management (IFM) practices and employs standardized approaches for the demonstration of additionality and derivation of project baselines to simplify its application.
Eligible projects must adopt one or more specific IFM practices that were previously not being applied on the forestland. Currently, the methodology only includes parameters for projects located in the United States, but it has been designed to be globally applicable in the long term.
On Wednesday, 2 September, 4:00 – 5:00 PM EDT, Verra, with staff from the American Forest Foundation, The Nature Conservancy and TerraCarbon, hosted a webinar to present the methodology. You can view a recording of the webinar here.
Public comments can be submitted to firstname.lastname@example.org and will be accepted through 16 September 2020.