The project has planning permits in place.

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

Level 1 additionality

Financial additionality. Carbon credit revenues maintain the projects operations.

Level 4a additionality

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

Level 2a 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

Kross

Forest Carbon Code (Skógarkolefni)

In Iceland, the shelter provided by the forest is likely to come first to mind. We know that with increased tree cover in urban areas, the wind has calmed down in many places. With increased shelter, people's outdoor activities increase, as the utilization of forests for various outdoor activities has greatly increased as they grow taller. Paths of various types are laid out in the forests where people walk, jog, run and ride horses. When the snow comes in the winter, people take out their cross-country skis and increasingly special paths are laid for mountain bikes. Volleyball and beach volleyball courts are set up, playground equipment, puzzles, mini golf and more. The forest is a place for rehabilitation of people after physical or mental illness or mishap. It is also an ideal classroom for students of all ages in different subjects. The forest thus creates various opportunities for innovation in various sectors, for example tourism, as well as traditional jobs related to the forest's cultivation, care, and use of wood. Numerous studies show that simply by staying in the forest, breathing in the forest air, finding the scent and tranquility in the forest, we can remedy various ailments of soul and body. There are almost limitless opportunities in public health. Increased forest cover therefore increases general well-being and can contribute to increased optimism of people and satisfaction with their living conditions.

SDG 3: Good Health and Well-being

Various opportunities are created by forestry, including an increase in jobs. Seedlings need to be produced, planted, cared for in the forest, and felled and replanted. All of this requires people, despite ever increasing mechanization. In addition to increased land value, there are opportunities in timber processing and utilization of forests as a food source (mushrooms, berries, etc.) from which value can be created. This creates an ideal opportunity for people to set up small production companies that create value from pure natural resources.

SDG 8: Decent Work and Economic Growth

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

The forest also increases the number of species of birds, plants, fungi, and small animals in the wild. Increased diversity improves both nature and human life. Higher forest cover also improves resilience with respect to disturbance events, some of which are linked to climate change. In the countryside, forests support other land use sectors by providing shelter for people, livestock, and arable land, increasing vegetation and more.

SDG 15: Life on Land

Afforestation and reforestation

The aim of the project is to produce and register certified carbon units in the International Carbon Registry (ICR) under the requirements set forth in the Icelandic Forest Carbon Code (IFCC). The Icelandic Forest Carbon Calculator is used to predict the expected carbon sequestration in the coming decades, but in order to obtain more accurate figures, a forester will need to assess the area better and make more detailed afforestation plans. Scenario is presented for afforestation on the farm Kross in Mjóifjörður based on different goals and species composition. On a 100 ha at Kross, 30 ha of Black Cottonwood, 30 ha of Sitka Spruce, and 40 ha of Lodgepole Pine are expected to be planted over two years in this scenario. The goal is carbon sequestration, improved hydrology, soil conservation, and to provide diverse habitat as well as improving the site for outdoor recreation and providing the possibility of future timber production.

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

Kross í Mjóafirði

Iceland

Afforestation and reforestation

FCC

Fasteignafélagið Jaxlar ehf.

Iceland

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