WAYNE, PA — Finite Carbon, North America’s leading developer and supplier of forest carbon offsets, announced it will launch the first web-based global platform that enables small landowners to access the carbon offset market.
The platform, known as CORE Carbon, will make it possible for millions of small landowners to generate new annual income through long-term commitments to good stewardship, helping to sustain the legacy of their land for future generations.
When CORE Carbon launches in late 2020, landowners will be able to get a real-time value assessment of how much income their forestland could generate in the voluntary carbon market. The carbon market has been inaccessible to these landowners because high transaction, monitoring, and reporting costs have discouraged participation. Learn more at corecarbon.com.
If the landowner chooses to enroll their property, they will lock in multiyear payments for the resulting carbon offsets from buyers seeking to offset carbon emissions. There is no cost to landowners to use CORE Carbon.
“Good land management decisions made by millions of small landowners can directly improve their bottom lines while creating clean air and clean water for the rest of us,” said Sean Carney, CEO of Finite Carbon. “This platform aims to deliver $1 billion to family and non-profit landowners over the next decade, supporting folks who want to leave things better than they found them.”
Nacho Gimenez, bp ventures managing director, added: “bp has been a long-term advocate for a carbon pricing system and our investment into Finite Carbon’s parent company, Finite Resources, is testament to that. Finite Carbon is reshaping the sector, allowing access for more landowners to get paid for protecting forests. Supporting Finite’s leadership in preserving carbon sinks is just one of the ways we are reimagining energy for people and our planet, while taking action to restore, maintain, and enhance biodiversity.”
bp ventures announced a $5 million investment in Finite Resources, parent company of Finite Carbon, in 2019.
CORE Carbon’s initial protocol will make it possible for 1.2 million U.S. landowners with 40 to 5,000 acres, who control a combined 200 million acres, to quantify and receive payments for the environmental benefits of their good stewardship.
Finite Carbon is co-authoring a new methodology with the nonprofit American Carbon Registry (ACR), the world’s first private voluntary greenhouse gas registry, to provide uniform carbon offset standards designed specifically with small landowners in mind.
“Nature-based solutions including forests are critical to meeting global climate targets,” said Jessica Orrego, Director of Forestry at the American Carbon Registry. “Providing a platform that allows small non-industrial landowners across the U.S. to be part of this solution by giving them access to carbon markets is an essential part of this goal.”
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