And because they own the largest portion of forestland in the United States, leaving them out was essentially shorting the potential of our forests to address climate change, withholding economic opportunities from rural Americans and limiting the carbon credit supply for companies. The Family Forest Carbon Program was designed to simultaneously meet the needs of family forest owners, policymakers and companies as we all work together to sequester and store carbon.
Increased supply chain resiliency for companies that source sustainable paper, fiber-based packaging or other wood products from North America. Get more information about how the program can help you meet your climate goals. Taking a step forward for transparency and credibility, the Family Forest Carbon Program has developed a new forest carbon accounting methodology to measure and verify the carbon sequestered and stored by the landowners enrolled.
This new approach provides a highly credible claim of additionality. Inspired by medical trials that use a control group, our new methodology uses observed baselines to measure the performance of a forest practice on an enrolled property compared to unenrolled properties that are conducting business as usual forest practices via the U.
This method isolates the Family Forest Carbon Program as the single variable that contributes to the carbon removed and reduces the challenges around projected baselines most commonly used in existing carbon projects.
Our new methodology is being reviewed and validated by Verra , the globally recognized nonprofit organization that oversees the Verified Carbon Standard VCS , and is pending final approval in With expertise in trading in over different emission markets, including VOC, NOx, SO2 emissions credits, we can help you meet all of your compliance needs.
Our in-house engineers have extensive knowledge of permitting, compliance, and emissions banking—in fact, we are the only emissions credit company with in-house staff who has experience completing emissions banking applications across non-attainment areas throughout the US.
Element Markets has the largest staff in the U. We have transaction experience in all of the following markets:. Randall Lack is a successful entrepreneur within the environmental commodity and alternative energy industries for almost two decades. In , he co-founded Element and currently serves as Co-President. In , Randall was awarded the recognition of 40 under 40 by the Houston Business Journal recognizing him as one of the most influential young people in business in Houston.
Prior to joining Element Markets, he spent ten years in the environmental consulting industry where he was predominantly engaged in Emission Banking and Trading. Prior to , Kyle held numerous roles providing air quality support to the refining, chemicals, terminals, and oil and gas industries. He has a broad experience base ranging in everything from tracking down BWON drains and performing LDAR audits, to coordinating and enhancing site compliance systems, to managing million-dollar EHS improvement projects, to supporting large capital projects.
Learn more. Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you.
When you create an account, you agree to this platform's terms of participation. Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill.
Others might share a personal anecdote about how the bill would affect them or people they care about. Leave this field blank. S ACTIVE - Summary Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced. A new subdivision 5 is added to section of the agriculture and.
A new subdivision 53 is added to section B of the tax law to create a carbon farming credit allowance to those tax paying agricultural busi- nesses, which produce farm products, for their practice of carbon farm- ing. The economic value of the carbon farming credit would be determined by the commissioner of environmental conservation, in consultation with commissioner of agriculture and markets, using existing methods for measuring air pollution, pursuant to paragraph ccc of subdivision two of section of the environmental conservation law.
The amount credited to the taxpayer for carbon sequestration and green- house gas emissions reduction would be based upon a certificate of eligibility issued by the commissioner of environmental conservation, pursuant to section of the environmental conservation law.
In the event a tax credit allowance exceeded the taxpayer's total tax for a given year, the credit could be carried over to the following three years.
A new subsection jjj is added to section of the tax law to make conforming changes related to definitions of carbon farming credit and its application and carryover. A new paragraph ccc is added to subdivision 2 of section of the environmental conservation law to create an educational program to encourage and educate farmers about the benefits of carbon farming prac- tices, develop and promote the application and certification procedure for verification of emission reductions credited to applicants, and to codify a metric to quantify the storage of carbon using the USDA's COMET-Planner, COMET-Farm, and other quantification tools.
The depart- ment is given authority to make rules and regulations necessary to complete this. Subdivision 1 of section of the environmental conservation law, as amended by chapter of the laws of , is amended to grant the commissioner authority to issue certificates of compliance for carbon farming among other air pollution facilities and process facilities. A new subdivision 49 is added to section 16 of the agriculture and markets law to direct the commissioner to work with the department of environmental conservation to develop educational and promotional mate- rials on carbon farming practices.
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