Closed ncx-gitbot closed 1 year ago
NCX response: Projects are additional when the carbon stocks in the project scenario are greater than the carbon stocks expected under the baseline scenario–this is the basis for any carbon project verified against any standard. Because additionality, and therefore, creditable carbon is dependent on an accurate baseline, eligibility is limited to forests that are truly at risk of being harvested in the next year. Deferring that harvest results in additional carbon in the landscape.
Commenter Organization: Forest and Climate Policy
Commenter: Andrea Tuttle
2021 Deferred Harvest Methodology Section: No Section Indicated
Comment: • “But for” financial additionality test: A basic principle of credible offsets is that “but for” the infusion of carbon revenue the offset activity would not occur. The NCX scheme offers landowners low payments that provide little financial incentive to defer harvest beyond the ordinary BAU rotation. Landowners are being paid for what they would do anyway (“anyway tons”) until the normal harvest cycle rolls around and markets are favorable. Any commitment to carbon storage is then tossed aside.
Proposed Change: No Proposed Change