Following the widening of the international REDD initiative on deforestation to include forest restoration and sustainable forest management IFM has taken on a heightened importance.
Last week Ecotrust confirmed that it will be extending the rotation age of its trees for harvest in order to increase the amount of carbon stored in its forests, which are sustainably managed for timber. This proposed project methodology passed the VCS’s double approval process for new carbon offsetting project approaches.
In simple terms the project’s aim is to increase the carbon stock in the trees’s above ground biomass, dead wood and wood products by allowing for a longer harvest cycle. For the extra carbon stored in the forest and then sold into the voluntary carbon market VCS carbon credits or voluntary carbon units are issued. The revenue from the sale of voluntary carbon credits acts as an incentive for the forest owners, who need to be compensated for the timber revenue loss from delaying harvest events.
The forest carbon programme manager at Ecotrust, Steve Dettman, told Sustainable Business Oregon that the company’s objective was to diversify the revenue options for forest owners in favour of more careful approaches to forest management. Before any project can go ahead it must receive Forestry Stewardship Council certification and a project must not lead to a decrease in total volume harvested of more than 25% over the life of the project relative to the baseline.
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Methodology for Improved Forest Management through Extension of Rotation Age – Approved VCS Methodology VM0003 Version 1.0
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