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ISO 14064-2 GHG emissions additionality. GHG emission mitigations are additional to the baseline scenario.

Level 1 additionality

Statutory additionality. The project implements actions that go beyond statutory requirements.

Level 2a additionality

Financial additionality. Carbon credit revenues are the major or only source of revenues

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

Sveinatunga

Forest Carbon Code (Skógarkolefni)

The government's policy is for Iceland to achieve carbon neutrality by 2040, and an ambitious action plan has been presented in this regard. The most important thing is to reduce greenhouse gas emissions as much as we can and sequester the rest. This is where forestry comes in, as various studies show that carbon sequestration through forestry gives very good results.  Based on 30 years of research, black cottonwood (a poplar) captures the most tCO2e (carbon equivalents) of the tree species that are being worked with in carbon sequestration projects and downy birch captures the least. The total number of carbon units that are captured in the 50 years that are being looked at, therefore, depends considerably on the species that are selected and considered suitable for planting in the area. Suitability is based on site quality of the land to be afforested and location, i.e., elevation, distance from the coast, slope, and soil depth.  

SDG 13: Climate Action

Afforestation and reforestation

The primary aims of this afforestation project are carbon sequestration and soil protection.

The project is situated in a new forestry area spanning 186 hectares at the mouth of the Sanddalur valley on the Sveinatunga farm in Norðurárdal, West Iceland. It is located 40 kilometers inland and ranges in elevation from 80 to 290 meters above sea level.

The forestry area, known as SP1, encompasses a relatively steep terrain. It consists of a mixture of mossy and gravel areas and relatively fertile ground, making it well suitable for cultivating species such as pine, birch, and larch that require less demanding conditions.

Historically, the area was utilized for agriculture. Extensive sheep grazing over the centuries has caused damage to the land, prompting its designation solely for forestry purposes.


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

Sveinatunga Sanddalur SP1

Sveinatunga Sanddalur SP1

Under development

Sequestration / Removal

Afforestation and reforestation

FCC

Estimated Credits

Sustainable development goals

Location

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