Enviva, Finite Carbon Focus On Small Landowners
Enviva and Finite Carbon, a developer of forest carbon offsets, announced they are teaming up to engage small forest landowners across the U.S. Southeast to voluntarily participate in global greenhouse gas emissions reduction programs. The partnership, leveraging Finite Carbon’s CORE Carbon online platform, is intended to help address climate change while generating new annual income for small landowners based on forest stewardship and extended rotations of mature bottomland hardwood forests.
“Enviva’s partnership with Finite Carbon will deliver on the promise of continued forest growth and carbon sequestration across the U.S. Southeast by creating an additional incentive for small forest landowners to protect their forests, especially sensitive, bottomland hardwoods,” comments John Keppler, Chairman and CEO of Enviva. “This partnership will move our mission of fighting climate change and displacing coal forward by opening new avenues for forest owners with less than 5,000 acres to generate income from the growing carbon offset market by choosing not to harvest their timberlands right now, enabling them to be a critical participant in addressing the global climate crisis.”
While CORE Carbon will be available to more than 1.5 million family and non-industrial forest owners in the U.S., this partnership will leverage Enviva’s focus on bottomland hardwood forests in the U.S. Southeast.
The partnership will significantly increase the availability of global carbon offset programs to privately held forestland by leveraging Enviva’s well-established landowner network along with Finite Carbon’s CORE Carbon Platform, which utilizes remote sensing technologies to reduce the costs and barriers to market entry for smaller forest landowners with as little as 40 acres of forestland. The initial phase of CORE Carbon will focus on a deferred harvest methodology, co-authored with American Carbon Registry, focusing on high conservation value forests such as mature bottomland hardwood stands in the U.S. Southeast.
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