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

ISO 14064-2

The project is a multi-purpose forest with an emphasis on carbon sequestration, soil 
protection, outdoor recreation, timber production and other ecosystem services. The 
project has a wide range of environmental, economic and social benefits. The 100 
hectares that are planned to be planted in this area at Álfabrekka at Þóroddsstaðir in 
Grímsnes in South Iceland are intended to sequester carbon and thus contribute to 
the fight against climate issues. This project also offers increased opportunities for 
landowners to increase income opportunities on the land, e.g. through planting and 
selling certified carbon units. The land has not been cared for very much in recent 
years and quite a while since it was a permanent residence. With afforestation, 
landowners want to cultivate the land even further and build up forestry areas and 
thereby increase the use of the land. This project is therefore important for 
landowners/occupants so that they can continue to generate income from the land. With increased forestry on the land, it can be expected to 
improve the air quality. Numerous side effects are created by afforestation and it is clear 
that opportunities will come. Efforts will be made to make the 
best use of them when they arise (e.g. outdoor activities, food 
production, etc.) Wood will be processed by processing 
companies. It promotes innovation with this first certification of a forestry 
project. There are already forest production plants in close 
proximity to the earth. It is clear that they will benefit from 
increased forestry in the area. There are also opportunities for
small-scale food production (e.g. mushrooms and berries) that 
could be utilized. 

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

SDG 3: Good Health and Well-being

The project is a multi-purpose forest with an emphasis on carbon sequestration, soil 
protection, outdoor recreation, timber production and other ecosystem services. The 
project has a wide range of environmental, economic and social benefits. The 100 
hectares that are planned to be planted in this area at Álfabrekka at Þóroddsstaðir in 
Grímsnes in South Iceland are intended to sequester carbon and thus contribute to 
the fight against climate issues. This project also offers increased opportunities for 
landowners to increase income opportunities on the land, e.g. through planting and 
selling certified carbon units. The land has not been cared for very much in recent 
years and quite a while since it was a permanent residence. With afforestation, 
landowners want to cultivate the land even further and build up forestry areas and 
thereby increase the use of the land. This project is therefore important for 
landowners/occupants so that they can continue to generate income from the land. 
The policy is to follow this cultivation plan for 50 years (until the end of the carbon 
sequestration agreement) at least and possibly the part of the forest that is still being 
sequestered will be allowed to remain, until there is little or no sequestration. Then it 
will be possible to replant and the trees that will be felled, the aim is to continue to 
use the best possible so that the carbon remains in the trees/wood for as long as 
possible.

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

Production of carbon credits on an area of about 100 hectares in the Álfabrekka 
forestry area at Þóroddsstaðir in Grímsnes in South Iceland. The project is a multi-purpose forest with an emphasis on carbon sequestration, soil 
protection, outdoor recreation, timber production and other ecosystem services. The 
project has a wide range of environmental, economic and social benefits. 


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

Skógálfar, Álfabrekka

Iceland

Afforestation and reforestation

ISO 14064-2

Skógálfar ehf.

Iceland