ICR
Under validation

Eyri

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Project Information

Est. Annual Mitigations

670t CO2-e

Project Status
Under validation
Project Type
Sequestration / Removal
Sector
Afforestation and reforestation
Methodology
FCC
Project Description

Eyri in Fáskrúðsfjörður is the site of a large-scale forestry project focused on carbon sequestration. During the summer of 2023, approximately 227,000 trees—spruce, pine, and aspen—were planted in the area, which was primarily covered by moss heath and moorland. Over the 50-year duration of the project, it is estimated that around 33,000 tCO₂ will be sequestered.

Validation Criteria
ISO 14064-2:2019
Forest carbon code
Verification Criteria
ISO 14064-2:2019
Forest carbon code

Media

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Location

Country
Iceland
City
Fáskrúðsfjörður
Address
Eyri
Geographical Region
Europe
Coordinates
64.88193594940712, -13.8265863507653
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Credits
All credit information, issuances, retirements and holders.
Est. Annual Mitigations
670
t CO2-e per year
Est. Total
33K
t CO2-e
Crediting Start Date
MAY 31 '23
Crediting Period
50 Years

Sustainable Developement Goals

Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Climate Action

Take urgent action to combat climate change and its impacts

Life on Land

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

Partnerships for the Goals

Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

Additionality

Level 1 additionality

Baseline additionality. Compared to the baseline scenario the project needs to mitigate climate change. That is the project must implement actions that are additional to what would occur compared to the baseline.

Level 2a additionality

Statutory additionality. The project must implement actions that are beyond requirements stipulated in local legislation or regulations. Projects are statutory additional if their implementation and/or operation is not required by any law, statute, or other regulatory framework, agreements, settlements, or other legally binding mandates requiring implementation and operation or requiring implementation of similar measures that would result in the same mitigations in the host country.

Level 4b additionality

Financial additionality II. The project is financially additional if it faces significant financial limitations that revenues from the sale of carbon credits mitigates or are revenues due to the sale of carbon credits are the only source of revenues. When carbon credit revenues are a precondition for the implementation of the project and/or carbon credit revenues are essential in maintaining the project operations and ongoing financial viability post-implementation, then they are considered to be financial additional II.

Project Insights

People

An overview of all the people associated to this project. Participants, validators, verification bodies and other.

Contact persons

Documents
An overview of all documents connected to this project
Version
File size
Kml file

1 documents