As news of Climate
Week
and the preceding Global Climate
Strike
fill inboxes, US corporations are feeling increasing pressure to minimize risk,
reduce their carbon footprint and make a climate positive impact through their
business.
Despite the significant work ahead, it’s encouraging to remember that forests
represent one of our most promising natural climate solutions. In fact, a
recent IPCC
report
highlighted the critical role that sustainable land
use
— including forestry — plays in tackling climate change. In the US, forests
occupy more than 760 million acres and serve as the nation's largest terrestrial
carbon sink, offsetting 11.3 percent of our country’s annual carbon emissions.
In addition, wood products for buildings, homes, furniture and more also
continue to store carbon once produced, adding to this sink. What’s more, it’s
been well established that healthy, sustainably managed forests play a
significant role in sequestering more
carbon.
Rightly so, much of the Climate Week dialogue includes ideas to increase carbon
capture and combat our growing greenhouse gas emissions through land use and the
world’s forests. Unfortunately, our greatest near-term opportunity for unlocking
the carbon potential of forests is often left out of the conversation.
Businesses and corporations serious about action now have a practical solution
ready and waiting right in our country’s backyard — the forestland owned by
families and individuals.
Families own 38 percent of America’s forests, more than any other ownership
group including the federal government and corporations, making them essential
for maintaining and enhancing our natural carbon sink. And fortunately, family
forest
owners
want to do right by the land, as well. What prevents most from actively managing
and improving forest health are barriers such as lack of technical assistance
and most notably: Cost.
So far, businesses have not been able to tap into the carbon potential of
family-owned forests. Current forest carbon
markets
are prohibitive to small landowners due to cost and complexity.
The American Forest
Foundation
(AFF), the leading non-profit conservation organization that focuses on
keeping family forestland productive, is developing innovative solutions to
optimize their carbon potential — by using a market-based approach that promotes
sustainable forest management.
With our partner, The Nature
Conservancy,
AFF has created the Family Forest Carbon
Program,
a new avenue for corporations to tap into the carbon storage potential of
family-owned US forests, while creating a market for small landowners to
generate income from their land.
The Family Forest Carbon Program offers family landowners incentive payments to
implement science-based, sustainable forest management practices on their
property that increase carbon sequestration and storage. These practices also
provide co-benefits such as improved wildlife habitat, reduced wildfire risk,
minimized soil erosion and long-term sustainability. Carbon monitoring and
reporting are done through a practice-based approach that reduces costs and
ensures an overall accurate projection of the total carbon sequestered.
For businesses, the Family Forest Carbon Program is designed to produce verified
carbon credits and the opportunity for credible carbon
offsets.
It offers companies a new path to make an impact on climate change and meet
their sustainable development goals. In addition, those participating in the
program will also improve their supply chain, increase the resiliency of our
forested ecosystem and make a meaningful investment in communities.
This type of market-based approach will make it economically feasible for family
forest owners to participate on a large scale, making a significant contribution
to the nation’s climate-mitigation needs. It also offers a market for companies
to invest in carbon benefits and demonstrate their leadership on climate issues.
With a narrow window to address the climate crisis, businesses must make the
most of the opportunities in front of us. Family-owned forests offer a natural
climate solution that can deliver real impact today and well into the future.
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Published Sep 24, 2019 8am EDT / 5am PDT / 1pm BST / 2pm CEST