ICR
Validated

Hvanná

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Project Information

Est. Annual Mitigations

394t CO2-e

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

Hvanná hosts a 66,2-hectare forestry project aimed at carbon sequestration. The area, which consisted mainly of abandoned grass fields and sparsely- or unvegetated habitats, saw the planting of approximately 100,000 trees—pine, cottonwood, and spruce—in the summer of 2022. The main goals are to sequester CO₂, enhance Hvanná´s biodiversity and soil, and generate jobs and other benefits. In the future, the forest may also offer valuable sustainable resources for landowners/community.

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

Verification Criteria
Forest carbon code
Project design description
ISO 14064-2:2019

Media

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Location

Country
Iceland
City
Fljótsdalshérað
Address
Hvanná
Geographical Region
Europe
Coordinates
65.3730972, -14.790267
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Credits
All credit information, issuances, retirements and holders.
Est. Annual Mitigations
NaN
t CO2-e per year
Est. Total
NaN
t CO2-e
Crediting Start Date
JAN 1 '22
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

Project description

1 documents

Validation report

1 documents