Type of Event: Study Tour
Topic: Carbon credits for watersheds and forests
Organization: City of Astoria
Location: Bear Creek Watershed, Astoria, Oregon
Host: David Ford / L&C Carbon
International Fellows: Abiodun Solanke (Nigeria), Adam Wasiak (Poland), Andrea Cornejo (Nicaragua), Ana de Miguel (Spain), Karishmaa Pai (India), Samantha Kwan (Malaysia), Yu Lei (China)
WFI Staff: Shadia Duery / International Fellowship Manager, Rick Zenn /Senior Fellow, Michael Zhan (Intern)
The Bear Creek Astoria watershed presents an interesting forest management initiative where the 3,700 acre catchment has been carbon certified. This has provided an innovative and generous economic benefit for the city, amounting to $2 million earned through the sale of carbon credits on the voluntary market in just the first 2 years of management (project extends to 50 years). It is important to clarify that the case of the Astoria Watershed is unique; the land is own by the City of Astoria which allows the city to manage the forest for carbon credits.
How it works:
Carbon credits are awarded when a company or forest land (in this case) go beyond the baseline to store or improve carbon sequestration and reduce carbon emissions. The Bear Creek forest area accumulates carbon credits through 3 actions which result in a longer storage of carbon within tree stands and extends the life of the ecosystem within:
- Extending their rotation
- Delaying timber harvest
- Reducing volume of harvest
Facts in a Nutshell:
- Carbon credits bought: 245,000
- Greenhouse gas equivalent: 51,000 passenger vehicles
- Project cost: $ 175,000
- Project income: $ 2,000,000