American Carbon Registry Releases Forest Carbon Project Standard.
ENERGY RESOURCE-18 March 2009-American Carbon Registry Releases Forest Carbon Project Standard(C)2009 JeraOne - http://www.jeraone.com
American Carbon Registry, a U.S. non-profit greenhouse gas registry, today released its Forest Carbon Project Standard at Point Carbon's Carbon Markets Insights 2009 in Copenhagen.
Developed by parent organization, Winrock International, whose team includes three co-Nobel Peace Prize recipients for their contribution to the Intergovernmental Panel on Climate Change, the new standard arrives at a time when forestry offsets are likely to play a major role in the future United States cap and trade scheme.
The new standard details requirements for afforestation and reforestation, improved forest management and reducing emissions from deforestation and degradation (REDD) projects. Included are project eligibility requirements, additionality determination, methodologies and quantification tools for baselines, monitoring and leakage.
"There is no use in reinventing the wheel when solid science has already been applied to develop methodologies," said Dr. Tim Pearson of Winrock, lead author of the standard. "We recognize the value in a consistent technical approach."
The American Carbon Registry's Forest Carbon Project Standard offers project proponents several options for assuring the permanence of carbon stocks in forests.
As with other forestry standards, they can contribute an adequate number of offsets into a buffer account to be used if future carbon streams from a project were destroyed or otherwise unavailable. However, the American Carbon Registry approach to buffer pool requirements is flexible, as it allows for other insurance mechanisms, including the contribution of non-forest offsets as insurance. Additionally, the Registry is developing additional insurance mechanisms as a service to its members.
"As a result of this flexibility, the Forest Carbon Project Standard approach will enable registry members to monetize their forest offsets rather than hold them in a buffer account, increasing the number of high quality forestry offsets available to the marketplace," said Dr. Pearson.
"The release of our Forest Carbon Project Standard is the key to moving the large 2009 pipeline of more than a million forestry tons through the process of registration," said John Kadyszewski, director of the American Carbon Registry, and noted that this should help address the current market demand while building the offset pipeline for the coming years.
The American Carbon Registry was founded in 1997 as the GHG Registry by the Environmental Defense Fund and Environmental Resources Trust (ERT). The Registry and ERT joined Winrock International in 2007, expanding Winrock's team of climate change, forestry, clean energy, agriculture, and carbon market experts.
For more information, visit www.americancarbonregistry.org.
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|Date:||Mar 18, 2009|
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