ncx-gitbot
commented
2 years ago NCX response: We agree that additionality is key for any carbon project to work, whether 1 year or 100 years. That is why we rigorously measure additionality in our program and transparently share the results of all project cycles. No nature-based solutions are permanent. However, in this critical decade increasing sequestration and storage is critical to meet global goals. Therefore, we are incentivizing immediate action when it counts. When tonne-year accounting is combined with ex post crediting, climate impact is delivered immediately and cannot be reversed. Acknowledging and designing for temporary storage using tonne-year accounting and short-term crediting provides accountability when fires, pests, and climate change itself make long-term forest predictions near impossible.
Commenter Organization: Green Assets
Commenter: Jonathan Pomp, CF, RPF
2021 Deferred Harvest Methodology Section: No Section Indicated
Comment: It is unclear how a VCU generated under tonne-year accounting is permanent as it could be removed the following year. Section 4.1 confirms this as it states, “when tonne-year accounting is employed, ongoing monitoring is unnecessary.” Monitoring is a key component of all well-established high quality carbon offset programs and methodologies and should be a component of any type of program that intends to produce credits that are used for the offsetting of emissions.
Proposed Change: Explain monitoring requirements to ensure permanence similar to other high quality offset programs.