ICR
Under development
ID: 332

Þröm

Þröm í Skagafirði

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Impacts

Project Information

Project Status
Under development
Project Type
Sequestration / Removal
Sector
Afforestation and reforestation
Methodology
FCC
Project Description

In the summer of 2024, a 50-hectare afforestation project was initiated on the land of Þröm in Skagafjörður. The area has been lightly used as grazing land for the past decades and consists of either nutrient-poor heathland or wetland. The dryland vegetation is relatively uniform. The project aims to enhance carbon sequestration, improve biodiversity, and contribute to ecosystem restoration by stabilizing degraded soils and increasing habitat diversity.

Validation Criteria
ISO 14064-2:2019
Forest carbon code
Verification Criteria
ISO 14064-2:2019
Forest carbon code

Media

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Location

Country
Iceland
City
Varmahlíð
Address
Geographical Region
Europe
Coordinates
65.62009767852432, -19.56981038518482
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Credits
All credit information, issuances, retirements and holders.
Est. Annual Mitigations
447
t CO₂e per year
Est. Total
22K
t CO₂e
Crediting Start Date
OCT 1 '24
Crediting Period
50 Years

Sustainable Developement Goals

Good Health and Well-being

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

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

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 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

An overview of all the people and organizations associated to this project. Participants, validators, verification bodies and other.

Organizations involved in the project

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Yggdrasill Carbon ehf.

Project Owner

Project Developer

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Enviance Services Private

Verification Body, Validation Body

Validation Verification Body

People involved in the project

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Ríkey Ásta Þorsteinsdóttir

Project Participant
Documents
An overview of all documents connected to this project
Version
File size
Project concept

1 documents