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The Georgia Carbon Sequestration Registry

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Warnell School of Forestry and Natural Resources, UGA. Presentation Outline ... CRP is eligible. Project Types. Afforestation. Forest Management. Agriculture. Others? ... – PowerPoint PPT presentation

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Title: The Georgia Carbon Sequestration Registry


1
The Georgia Carbon Sequestration Registry
  • Nathan McClure, Josh Love
  • Georgia Forestry Commission
  • D. Markewitz, J. Siry, P. Bettinger, B. Borders,
    C. Cieszewski, M. Clutter, B.
    Izlar, R. Teskey
  • Warnell School of Forestry and Natural Resources,
    UGA

2
Presentation Outline
  • Background and Context
  • C Registry
  • Framework
  • Project Types
  • Eligibility
  • How to register
  • Carbon Estimation Protocol (UGA)

3
(No Transcript)
4
Fossil Fuels are a Primary CO2 Source
5
(No Transcript)
6
Carbon Sequestration
  • Stabilize and reduce atmospheric concentrations
    of CO2
  • Elements
  • Carbon Capture (photosynthesis)
  • Carbon Storage (biomass, SOC)

7
Carbon Sequestration Overview
Fossil fuel emissions create additional CO2
Forests grow
Forests decay
8
Forests Can Offset CO2 Emissions
Carbon Sequestration
9
The Emerging Carbon Market
  • U.S. Context No federal cap policyBUT
  • States are forming their own policies
  • Industries are making voluntary commitments
  • The demand for CO2 mitigation tools is growing

10
Georgia Has Recognized This Opportunity
  • Senate Bill 356 (2004)
  • The Georgia Carbon Sequestration Registry Act
  • Georgia Forestry Commission is responsible for
    developing and administering the Registry

11
Registry Function
  • Voluntary program
  • Mechanism for tracking and recording carbon
    sequestration projects in GA.
  • Annual reporting of carbon stocks
  • Demonstrate sequestration

12
Registry Objectives
  • Promote methods of offsetting GHG emissions
  • Provide voluntary means of certifying and
    recording carbon sequestration in a transparent
    manner
  • Ensure that Ga. forest landowners receive
    consideration in carbon markets
  • Recognize those that undertake carbon
    sequestration practices

13
General Eligibility Standards
  • Land in Georgia
  • Ownership Carbon Rights
  • Native species
  • Sustainable management
  • Restricted or Unrestricted

14
Defining a Project
  • Forestry and agricultural practices that trap and
    store atmospheric CO2
  • Applied to particular parcel(s) of land
  • Specified time period

15
Project Types
  • Afforestation
  • Forest Management
  • Agriculture
  • Others?

16
Afforestation Example
  • Tree planting on non-forest land
  • 1990 or later
  • Dedicate land to forest uses
  • CRP is eligible

17
Project Types
  • Afforestation
  • Forest Management
  • Agriculture
  • Others?

18
Forest Management Examples
  • Timber Stand Improvement
  • Forest Enrichment
  • Lengthen rotations
  • Management that minimizes fire/disease/pest risks
  • Other management that increases carbon storage
    beyond current practices

19
Project Types
  • Afforestation
  • Forest Management
  • Agriculture
  • Others?

20
Agriculture Example
Strip-till
No-till
  • Conventional tillage

Grass/pasture establishment
21
Project Types
  • Afforestation
  • Forest Management
  • Agriculture
  • Others?

22
Other Sequestration Activities
  • Agroforestry
  • Urban Forestry

23
Registration Process
  • Develop a project and complete an application
  • Submit application online or to county Clerk of
    Courts office
  • GFC reviews application for completeness
  • Annual updates and GFC monitoring

24
Market Demand
25
Market Demand
  • What do potential purchasers want in an offset?
  • Transparency
  • Additionality
  • Permanence
  • Permanence issues
  • Land-use changes
  • Fires, pests, disease, weather
  • How long will the carbon be stored?

26
Current Market Prices
  • U.S.A (CCX) 4 per metric ton CO2
  • Europe 10 - 20 per metric ton CO2

27
The Market is Coming
  • GA is leading the way in the SE
  • One of first programs of its kind in U.S.
  • Preparation/experience for the future

28
Implementation of Cap-and-Trade
  • Regulator sets cap on total emissions for a group
    of sources
  • Cap is divided into allowances (e.g. 1 ton CO2)
  • Allowances are distributed
  • Emitters measure emissions
  • Emitters surrender allowances

29
10 tons
10 tons
10 tons
Cap 5 tons
7 tons
5 tons
3 tons
100/ton
80/ton
120/ton
Transfer of 2 tons for 80 - 120 per ton
30
Market Success SO2
31
Current U.S. Market for CO2
  • Pilot market
  • Voluntary
  • gt200 participants
  • Only market in U.S.

32
Thank You
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