Michigan Forestry Carbon Sequestration

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Information about Michigan Forestry Carbon Sequestration
Education

Published on January 9, 2008

Author: Marcell

Source: authorstream.com

Carbon Sequestration: Michigan Forestry Carbon Project Presentation to: The USDA Forest Service Landowner Assistance Meeting Charleston, SC October 5, 2006:  Carbon Sequestration: Michigan Forestry Carbon Project Presentation to: The USDA Forest Service Landowner Assistance Meeting Charleston, SC October 5, 2006 Presentation Overview:  Presentation Overview About the Delta Institute Illinois Conservation Climate Initiative Michigan Forestry Projects Activities Opportunities Benefits About the Delta Institute:  About the Delta Institute The Delta Institute is a Chicago-based non-profit organization promoting environmental quality and community development in the Great Lakes region Aggregator for carbon offset credits Trade carbon credits Reimburse project owners Technical assistance for verification and carbon baseline development About the Chicago Climate Exchange:  About the Chicago Climate Exchange Voluntary, legally binding. Cap and trade. Members reduce emissions and/or buy credits Members include: Ford Motor Company, City of Chicago, Waste Management. Reduce GHG emissions 4% between 2003 and 2005 and an additional 2% between 2006 and 2010. Members joining after 2005 agree to reduce GHG emissions by 6% between 2006 and 2010. Since its inception in 2003, 19,160,680 metric tons of CO2 reduced - 8% overall reduction. Slide5:  Size of Live, Emerging, Possible GHG Markets ICCI Acreage Enrolled To-Date:  ICCI Acreage Enrolled To-Date Total acreage enrolled- 62,200 acres 53,000 acres in conservation tillage 6,060 in CRP/CREP grassland 3,100 acres in CREP trees For the 2005 and 2006 verification years we will likely return over $231,000 to the agricultural community (with carbon selling at approximately $4.00/metric ton) Michigan Forestry Carbon Offset Program: Primary Objectives:  Michigan Forestry Carbon Offset Program: Primary Objectives Develop a carbon forestry program that can become integrated into the Michigan Forest Stewardship Program or other forest management programs Develop a revolving technical assistance fund to promote participation Provide a niche for working forests and small managed forests within the carbon markets Michigan Forestry Carbon Offset Program: Activities:  Michigan Forestry Carbon Offset Program: Activities Recruit participants Contracting and enrollment Revolving technical assistance pool Trading and payment Expansion and transfer Michigan Forestry Carbon Offset Program: Opportunities:  Michigan Forestry Carbon Offset Program: Opportunities 10 to 13 million acres of private forested land in Michigan Typical parcel sizes range between 100 and 400 acres Current CCX market value of $4.00/metric ton carbon Aforestation/Reforestation (e.g. CREP, working forests) 3 to 5 metric of metric tons of carbon per acre Average yearly return to landowner $1,200 to $4,800 Non-industrial private forest land (e.g. working forests; plantations) Planted before 1990 Average carbon sequestration rate of approximately 3 metric tons/acre Average yearly return to landowner $600 to $2,400 Michigan Forestry Carbon Offset Program: Expected returns to the NIFL:  Michigan Forestry Carbon Offset Program: Expected returns to the NIFL Notes: Revenue includes CCX transaction fee and 8% aggregation fee Revenue is based on an average carbon sequestration rate of 3 metric tons per acre Michigan Forestry Program: Benefits:  Michigan Forestry Program: Benefits Strengthen Michigan’s forestry programs Provide an incentive to landowners for sustainable forest management thereby potentially increasing the acreage being managed under Forestry Stewardship Plans Return revenue to private landowners providing an incentive for retention of forested lands and/or limiting fragmentation Strengthen the role of Michigan conservation districts and forestry professionals Contact Information:  Contact Information Abigail Corso Tim Brown Delta Institute Delta Institute Delta P2/E2 Center Delta P2/E2 Center 312-554-0900 ext. 25 312-554-0900 ext. 13 acorso@delta-institute.org thbrown@delta-institute.org www.delta-institute.org www.p2e2center.org

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