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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 1 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 2a 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.

Level 4b additionality

Europe

The Forest Carbon Code operates as a reliable framework for quantifying and managing greenhouse gas emissions linked to forest-related activities, enabling the registration of climate projects and the issuance of credible carbon credits.

(Iceland only)

Forest Carbon Code

Forest Carbon Code (Skógarkolefni)

Ensure healthy lives and promote well-being for all at all ages

SDG 3: Good Health and Well-being

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

SDG 8: Decent Work and Economic Growth

Take urgent action to combat climate change and its impacts

SDG 13: Climate Action

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

SDG 15: Life on Land

Afforestation and reforestation

Á Ljárskógum í Dölunum verða gróðursettar um 400 þúsund plöntur sumarið 2023, greni, fura, ösp, birki og lerki. Svæðið er í dag skóglaust og einkennist af mosa og lynggrónum melum. Syðri hluti svæðisins er frjósamari þar sem er að finna votlendi og graslendi. Það sést á innrauðum loftmyndum að rýr og gróðursnauð svæði einkenna líka skógræktarsvæðið en það hefur verið nýtt sem hrosshagi lengi og er því frekar illa farið að mati landeiganda. Nánari upplýsingar er hægt að fá á heimasíðu Yggdrasil Carbon: https://www.yggcarbon.is/verkefni/ljarskogar-i-doelunum/

Sequestration, removal and storage of carbondioxide (CO2) from the earth´s atmosphere.

Ljárskógar í Dölum

Ljárskógar í Dölum

Under development

Sequestration / Removal

Afforestation and reforestation

FCC

Estimated Credits

Sustainable development goals

Location

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