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Home My WebLink AboutDNR CARBONSUBJECT TO CHANGE - DRAFT DNR’s Carbon Project:Phase II Parcels and Engagement PlanJefferson County Board of County Commissioners November 7, 2022 SUBJECT TO CHANGE - DRAFT Key termsCarbon project overviewPhase II: Selection of candidate parcelsPhase II: Consultation, engagement, and outreachJefferson County parcelsCarbon credit calculations and revenueNext stepsFinal thoughtsQuestions and discussion Agenda••••••••• offset or increasing storage of project (i.e. the baseline). DNR’s Carbon Project: Tribal webinar SUBJECT TO CHANGE - DRAFT greenhouse gas emissions, for other emissions elsewhere. unit that equals one metric ton of CO2e from a carbon sources of to compensate carbon emission reductions or removals that are additional to the reductions the emissions that would have occurred in a “business as usual” scenario in which Additionality: that would have taken place in the absence of the carbon Baseline: the project was not implemented.Carbon credit: standardized project.Carbon offset: reducing greenhouse gases, Carbon markets: Key terms•••• acres be conserved to continue beneficiaries. DNR's Carbon Project: Jefferson County BOCC but will SUBJECT TO CHANGE - DRAFT dense; utilize carbon markets to conserve 10,000 to the operable land base, special ecological and cultural values; Are part of to sequester and store carbon;Represent Are exceptionally carbon Will continue to generate revenue for our Ten thousand acres conserved DNR is committing of operable forest areas. These forests:•••• 2044 - year lease - 2024 40 D N O Lease Parcels S A J 2023 J M A Develop lease terms and list carbon project M SUBJECT TO CHANGE - F DRAFT J D N Outreach Stakeholder O SEPA Carbon Project Timeline Process S Identification A 2022 Potential Phase 2 Parcel J J M Project Parcels Phase 1 A Proposed Identified Announced Value criteria as a framework DNR's Carbon Project: Jefferson County BOCC SUBJECT TO CHANGE - DRAFT ecosystems and ecosystem mosaics scale - used the High Conservation Significant concentrations of biodiversitySignificant landscapeRare, threatened or endangered ecosystems and habitatsBasic ecosystem services in critical situations (e.g. watershed protection, erosion control)Areas or resources fundamental to meeting basic needs of Indigenous populations and local communities (e.g. subsistence)Areas or resources critical to Indigenous populations and local communities’ traditional cultural identity •••••• Phase II: Selection of candidate parcels Agency staff to identify candidate parcels to make up the remaining 7,500 acres. . public beneficiaries, at ) DNR's Carbon Project: Jefferson County BOCC SUBJECT TO CHANGE - DRAFT www.dnr.wa.gov/carbonoutreach person beneficiary engagement events (1 per each DNR Westside region) - Tribal webinar General public webinar (recording available https://4 inPublic Open HousePublic surveyIndividual beneficiary, Tribal, stakeholder meetings partners, impacted and interested stakeholders, and the •••••• Phase II: Consultation, engagement, and outreach DNR is soliciting feedback on the candidate parcels from Tribal Consultation and engagement include: to: DNR's Carbon Project: Jefferson County BOCC can guide the final selection of SUBJECT TO CHANGE - DRAFT engagement with beneficiaries are beneficiaries that ; Understand the ecological, social, and cultural values most important to parcelsHear any feedback on specific candidate parcels, and which parcels may be preferable to include in or exclude from the carbon project;Understand concerns or hopes for the carbon project overall. ••• Phase II: Engagement with beneficiaries The objectives of the 15 parcels3,911 operable acres Jefferson County Candidate Parcels•• DNR's Carbon Project: Jefferson County BOCC SUBJECT TO CHANGE - DRAFT weighted stand age - AcreTimber volume (board feet)Live standing carbon ••• DNR's Carbon Project: Jefferson County BOCC SUBJECT TO CHANGE - DRAFT DNR's Carbon Project: Jefferson County BOCC SUBJECT TO CHANGE - DRAFT time storage carbon growth over Current (avoided emissions)Forest (emissions removal)Baseline accounts for what would have occurred in absence of the project How are carbon credits calculated?••• ? e u n e v e r e t a r DNR's Carbon Project: Jefferson County BOCC e n e SUBJECT TO CHANGE - g DRAFT t c e j o r p e h t l l i w w Predictable, annual payments vs. lump sums at irregular intervalsPotential to see revenue from these parcels prior to when they would have been harvestedPayment for tree growth, not just harvest o H Beneficiaries will receive revenue for these parcels throughout the entirety of the lease term. ••• DNR's Carbon Project: Jefferson County BOCC th SUBJECT TO CHANGE - DRAFT Continued engagement with beneficiariesPublic survey open until November 18Individual meetings with impacted or interested stakeholders DNR will consider the feedback we’ve received and the HCV criteria to select the final parcels for inclusion in the projectFull financial analysis will be conducted after the 10,000 acres have been identified Next steps DNR is committed to a robust consultation and engagement process to inform the final selection of parcels for the full 10,000 acres. ••••• rojects p DNR's Carbon Project: Jefferson County BOCC SUBJECT TO CHANGE - DRAFT Extremely robust calculation of additionalityBaseline calculated with data from known alternatives Incorporates consideration of riparian buffer zones, leave trees, and other conservation measuresHope to set a new standard for the price of carbon Next generation of carbon We have developed a project with a strong emphasis on generating high quality credits.•••• Csorba - SUBJECT TO CHANGE - DRAFT Csenka FavoriniSenior Policy Advisorcsenka.fc@dnr.wa.gov Questions?