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Koa, Carbon Markets & Conservation Easements

Koa, Carbon Markets & Conservation Easements. Koa Symposium Volcano, HI 11/16/12. Koa & Conservation Easements. Ecosystem Services: biodiversity habitat, watershed protection, carbon storage, soil protection & nitrogen fixation, photosynthesis (absorb CO2/release O2).

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Koa, Carbon Markets & Conservation Easements

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  1. Koa, Carbon Markets & Conservation Easements Koa Symposium Volcano, HI 11/16/12

  2. Koa & Conservation Easements Ecosystem Services: biodiversity habitat, watershed protection, carbon storage, soil protection & nitrogen fixation, photosynthesis (absorb CO2/release O2). Koa Wood Values & Products: cultural & spiritual importance, crafts, musical instruments, canoes, veneer, furniture. Reduced Forest Conversion: purchased development and resource rights to protect, buffer and impact human development localities.

  3. Koa & Conservation Easements Important Considerations: The value of koa on the land in a CE appraisal may or may not be included in the valuation. Appraisals are based on “Highest and Best Use”; often means only the ‘development’ potential and not necessarily the natural resource value as well. Along with development rights, the annual volume & method of harvest of wood products will likely be part of a CE negotiation process. 3) Despite much opposition and many other states lead, in HI property taxes do not go down after selling a CE.

  4. Koa & the Carbon Market/Trading • New revenues for long term forest care • Continued multiple use capacity • Protection of ecosystem services • Limited but steady harvest of products

  5. Koa & the Carbon Market/Trading Time and Species Selection Markets: • Cap & Trade or Mandatory • Voluntary Standards: • Voluntary Carbon Standard • Climate Action Reserve • American Carbon Registry • Many Others Not Investigated by the State Project Type: • Reforestation/Afforestation • Improved Forest Management • Avoided Conversion Eligibility Criteria: • Additional • Permanence • Leakage

  6. Koa & the Carbon Market How does one choose a carbon project site? • What is your project type & long term goal? • What is presently on the land & what’s it capable of growing? • What are the up front and long term costs for preparing, protecting and maintaining the carbon project over time? • How much time do you have?

  7. Koa, Carbon Market & Conservation Easements Complex possibilities and potential limitations Paving new ground with unknown outcomes State Property taxes Carbon Markets won’t make you money but they might supplement some of your costs

  8. Thanks To: Elizabeth Boxler, M. Irene Sprecher and Greg Hendrickson for their help with this presentation and for looking closely at these innovative possibilities for helping with the costs of managing some forests in Hawai‘i.

  9. Thank You Sheri S. Mann Forestry Program Manager Division of Forestry & Wildlife Department of Land and Natural Resources State of Hawai‘i W: 808-587-4172 E: sheri.s.mann@hawaii.gov

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