Finite Carbon and The Forestland Group Register Forest Carbon Projects for California Compliance Offset Market

SACRAMENTO, CA
January 6, 2015

On behalf of The Forestland Group (TFG), forest carbon offset developer Finite Carbon successfully registered TFG’s Champion and Connecticut Lakes Improved Forest Management Projects with the California Air Resources Board (ARB) compliance offset program for US forests.

Located on 102,899 acres in New York’s Adirondack Mountains, the Champion Project was first registered with the Climate Action Reserve in January 2013 and project offsets were transitioned to the ARB program on November 17, 2014. Registered through the American Carbon Registry, the 141,062 acre Connecticut Lakes Project in northern New Hampshire was developed directly to California’s ARB compliance offset program and approved for offset issuance on December 24, 2014. By selling carbon offsets in the California cap-and-trade program, the properties will be managed for both increased carbon sequestration and sustainable timber production.

Finite Carbon managed all aspects of project development and provided transaction and sales support for both the Champion and Connecticut Lakes Projects which received 136,297 and 1,165,601 compliance offsets upon registration, respectively. Together, the projects generated nearly $12 million in carbon offset revenue for TFG’s long-term commitments to sustainable forestry. “TFG was an early adopter of innovative conservation strategies such as forest certification and working forest conservation easements,” said Finite Carbon President Sean Carney. “We are proud to help TFG integrate carbon revenue into their forest management strategies and investment portfolio.”

“IFM carbon projects on actively managed forests are complex. In TFG’s experience, project efficiency and offset delivery are linked to developer experience,” said Kaarsten Turner Dalby, VP of Ecological Services for TFG. “We selected Finite Carbon as our forest carbon partner because of its deep forest and carbon finance expertise and best-in-class experience moving projects through the entire development and sales process. Finite Carbon worked with us to develop projects that fully align carbon with our overall forest management strategy, increase healthy forest conditions, and optimize our return on investment.” On behalf of its investors, TFG owns and manages over 3.4 million acres across the United States certified under the Forest Stewardship Council standard.

“Forest carbon is a new asset class for forest owners of all types and the value of carbon is now comparable with some conventional wood products,” continued Carney. “The ability to monetize carbon is a now a real opportunity for landowners to diversify forest management returns while improving and maintaining sustainable forest conditions.” To date, Finite Carbon has registered four California ARB compliance forest offset projects and has another 11 under development for a diverse group of US forest landowners including TIMOs, REITs, Indian Tribes, corporate and private family owners, land trusts, and other non-profits.

About Finite Carbon
With 15 contracted California compliance projects on nearly 700,000 acres of US forestlands, Finite Carbon is America’s leading developer and supplier of forest carbon offsets. Finite Carbon’s in-house team of forest carbon experts offers a single-source solution for creating and monetizing carbon offsets and the most comprehensive forest carbon project development and commercialization service in the US. Finite Carbon’s clients include TIMOs, REITs, Indian Tribes, corporate and private family owners, land trusts, and other non-profits. To date, Finite Carbon has transacted 3.25 million California compliance forest offsets and its project portfolio exceeds 10 million compliance forest offsets through 2020. Headquartered in Philadelphia, PA and with offices in the West, Southeast, and Northeast, Finite Carbon is led by a team of five professional foresters with deep experience in offset protocol design, forest inventory, management, growth and yield modeling, project verification, offset transactions, forest certification, and working forest conservation easements. For more information, visit www.finitecarbon.com

About The Forestland Group
Formed in 1995, The Forestland Group is a timberland investment management organization which emphasizes naturally regenerating hardwood and softwood forests. TFG currently manages 3.4 million acres in 20 U.S. states as well as in Belize, Canada, and Costa Rica. Headquartered in Chapel Hill, North Carolina, TFG maintains forest management offices near its land bases. TFG was a pioneering TIMO with respect to managing its portfolio as a Certified Resource Manager under the Forest Stewardship Council FSC guidelines. For more information, see www.forestlandgroup.com

###

Click here to view and download a pdf version of the press release.

 

BONAFIDES
+ 8 professional foresters
+ Issued nation’s first California     ARB forest carbon offsets
+ Developed the first land trust,     TIMO, and REIT improved forest     management projects for CA ARB     emissions trading program
+ Developing 32 ARB IFM projects     on 2.5 million acres of US forests
+ Active member of the Society of     American Foresters, Association of     Consulting Foresters, Land Trust     Alliance, Forest Guild, and Forest     Landowners Association
Request a free forest carbon feasibility study
RECENT NEWS

RECENT NEWS

11.17.2017 Finite is growing and hiring for two new positions: Forest Carbon Analyst and GIS Manager.
Read more >

03.27.2017 Land Trust Alliance and Finite forge partnership under Doris Duke Climate Change Initiative.
Read more >
ABOUT FINITE CARBON

ABOUT FINITE CARBON

Project Success. Read about our best-in-class forest carbon project experience. Read more >

Team + Approach. Our services brochure details the Finite team and project approach. Download here >
UPCOMING EVENTS

UPCOMING EVENTS

10.26.2017
Finite and Land Trust Alliance to present on land trust forest offset projects at 2017 Rally in Denver.
Read more >


LATEST NEWS ON CARBON MARKETS
Get email updates here >
E   INFORMATION@FINITECARBON.COM   T   1-877-9CARBON (1-877-922-7266)   A   435 DEVON PARK DRIVE | 700 BUILDING | WAYNE, PA 19087
Copyright © 2012 Finite Carbon Corporation - All Rights reserved
Finite Carbon is a trademark of Finite Carbon Corporation. The names of other actual companies, organizations
and/or products/services mentioned herein may be the trademarks of their respective owners