Lyngdalur
Lyngdalur Áfangi II
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Impacts
Project Information
On 100 ha at Lyngdalur, Grímsnesi, South Iceland, 10 ha of black cottonwood, 40 ha of Sitka spruce, 40 ha of lodgepole pine, and 10 ha of downy birch are expected to be planted over three years. The goal is carbon sequestration, improved hydrology, soil conservation, and to provide diverse habitats as well as improving the site for outdoor recreation and providing the possibility of future timber production.
Media
Sustainable Developement Goals
Good Health and Well-being
Ensure healthy lives and promote well-being for all at all ages
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Climate Action
Take urgent action to combat climate change and its impacts
Life on Land
Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
Additionality
Level 1 additionality
Baseline additionality. Compared to the baseline scenario the project needs to mitigate climate change. That is the project must implement actions that are additional to what would occur compared to the baseline.
Level 2a additionality
Statutory additionality. The project must implement actions that are beyond requirements stipulated in local legislation or regulations. Projects are statutory additional if their implementation and/or operation is not required by any law, statute, or other regulatory framework, agreements, settlements, or other legally binding mandates requiring implementation and operation or requiring implementation of similar measures that would result in the same mitigations in the host country.
Level 4b additionality
Financial additionality II. The project is financially additional if it faces significant financial limitations that revenues from the sale of carbon credits mitigates or are revenues due to the sale of carbon credits are the only source of revenues. When carbon credit revenues are a precondition for the implementation of the project and/or carbon credit revenues are essential in maintaining the project operations and ongoing financial viability post-implementation, then they are considered to be financial additional II.
Participants
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