Intersection of Koa, Carbon Markets, and Conservation Easements
Koa, Carbon Markets &
Conservation Easements
Koa Symposium Volcano, HI
Koa Symposium Volcano, HI
11/16/12
11/16/12
Koa & Conservation Easements
Ecosystem Services:
Ecosystem Services:
biodiversity habitat, watershed
biodiversity habitat, watershed
protection, carbon storage, soil protection & nitrogen
protection, carbon storage, soil protection & nitrogen
fixation, photosynthesis (absorb CO2/release O2).
fixation, photosynthesis (absorb CO2/release O2).
Koa Wood Values & Products:
Koa Wood Values & Products:
cultural & spiritual
cultural & spiritual
importance, crafts, musical instruments, canoes, veneer,
importance, crafts, musical instruments, canoes, veneer,
furniture.
furniture.
Reduced Forest Conversion:
Reduced Forest Conversion:
purchased development
purchased development
and resource rights to protect, buffer and impact human
and resource rights to protect, buffer and impact human
development localities.
development localities.
Koa & Conservation Easements
Important Considerations:
Important Considerations:
1)
The value of koa on the land in a CE appraisal may or
The value of koa on the land in a CE appraisal may or
may not be included in the valuation. Appraisals are
may not be included in the valuation. Appraisals are
based on “Highest and Best Use”; often means only the
based on “Highest and Best Use”; often means only the
‘development’ potential and not necessarily the natural
‘development’ potential and not necessarily the natural
resource value as well.
resource value as well.
2)
Along with development rights, the annual volume &
Along with development rights, the annual volume &
method of harvest of wood products will likely be part
method of harvest of wood products will likely be part
of a CE negotiation process.
of a CE negotiation process.
3) Despite much opposition and many other states lead,
3) Despite much opposition and many other states lead,
in HI property taxes do not go down after selling a CE.
in HI property taxes do not go down after selling a CE.
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
Koa & the Carbon Market/Trading
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
Time and Species
Selection
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?
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
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.
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
Thank you for the opportunity to speak here today. I wanted to talk a little bit about Acacia koa related to carbon markets and conservation easements. The State is interested in both the conservation of native forests, reforestation of degraded & marginal lands, as well as sustainable production of forest products. We feel that koa can play an important role in all of these, but there are important details to understand in order to realize maximum benefits.
I’ll start with Conservation Easements. CE’s are a bundle of rights purchased from the fee simple title owner. Typically the rights sold are development or resource use, but there are many rights one can buy or sell. They often last in perpetuity and are very difficult to terminate or to reduce the restrictions. They require monitoring at least once a year and are carried with the land, so if the underlying restricted fee is sold the CE remains. There are many programs landowners can utilize to partially purchase CE’s on their land and Irene Sprecher will talk more about them later today.
Delve into the intricate relationship between Koa forests, carbon markets, and conservation easements. Discover the ecosystem services provided by Koa trees, the value of Koa wood products, and important considerations when entering into conservation easements. Explore the potential of the carbon market for long-term forest care and the various project types available. Uncover the complexities and possibilities in utilizing Koa forests for conservation and carbon trading.
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Presentation Transcript
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). 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.
Koa & Conservation Easements Important Considerations: 1)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. 2)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.
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
Koa & the Carbon Market/Trading Project Type: Reforestation/Afforestation Improved Forest Management Avoided Conversion Markets: Cap & Trade or Mandatory Voluntary Standards: Voluntary Carbon Standard Climate Action Reserve American Carbon Registry Many Others Not Investigated by the State Eligibility Criteria: Additional Permanence Leakage Time and Species Selection
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?
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
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.
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
