Carbon Offsets on Private Woodlots

Carbon Sinks

100

What are 2 forms of carbon sinks (where is it stored)?

*Avoid rotting trees, long growth species

* Leaving course woody debri

200

What is an example of a forest product that holds carbon for a long period in time?

Furiture

300

What is an example of a forest product that holds carbon for a short period in time?

Firewood 

400

What is cap and trade?

Companies have a max amount of carbon they can admit, therefore, if large companies need to release more carbon, they can buy carbon cap from other companies that aren't going to use it. 

500

What is the max number of audits a woodlot owner will have to go through for their carbon project data collection?

Max of 4

Fixing the Problem

100

What are 4 ways to fix carbon output?

1)Forest conservation avoidance

2) Aforestation: turning land back into forest

3) Improve forest management

4)Additionality: going above that stated practice. 

200

What are 5 ways to improve forest management for carbon?

1)maintaining amount of carbon storage sold

2)Manage for long lived species 

3)Species diversity: avoid major disturbances

4)Decrease annual allowable cut

5) Consider local implicated climate change in the area.

300

Define Baseline.

Average management practice (status quo)

400

What is the baseline formula?

IFM - Baseline = Selling carbon

500

What percentage of carbon projects fail validation?

25%

Voluntary and Compliance

100

How much offset credit is given in voluntary market, and a compliance market?

V: $3-7 per offset credit

C: $14-16 per offset credit

200

What is the percent payback for carbon offset in a compliance market?

140%

300

What are some current options in NB for voluntary markets?

Find own buyer, story is important, voluntary offsetting. This all helps with certifying your land.

400

True or False. Is it mandatory for offsetting to happen in compliance markets?

True

500

What are some proactive measures for carbon offsetting?

Management plan

Mange for long lived species and diversity

Plan for 100 years rotations

Improve forest health

Silviculture practices

Grow more volume

Notify your local forest management groups

Nutraceuticals

100

How many plant-based drugs are available on the world market?

4000

200

What is Pharmaceutical? 

P: relating to medical drugs, or their preparation, use, or sale. 

300

Define Nutraceuticals. 

What they take out of foods, and make into a kind of pills. 

400

What are some resources that have to be managed with Nutraceuticals?

Ecology, Market information, species

500

What are some examples of Nutraceuticals?

Code liver oil, essential oils, herbs and spices, sapino (BF products), victims.