Eyri
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Impacts
Project Information
Eyri in Fáskrúðsfjörður is the site of a large-scale forestry project focused on carbon sequestration. During the summer of 2023, approximately 227,000 trees—spruce, pine, and aspen—were planted in the area, which was primarily covered by moss heath and moorland. Over the 50-year duration of the project, it is estimated that around 33,000 tCO₂ will be sequestered.
Media
Sustainable Developement Goals
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
Partnerships for the Goals
Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development
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 3 additionality
Technology, institutional, common practice additionality. The project must implement actions that are subject to barriers of implementation or accelerate deployment of technology or activities and carbon market incentives are essential in overcoming these barriers.
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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Kml file 1 documents | |||||
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Validation Plan 1 documents |