ICR
Validated

Skógálfar, Álfabrekka

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Project Information

Est. annual mitigations

1,042t CO2-e

Project Status
Validated
Project Owner
Project Type
Sequestration / Removal
Sector
Afforestation and reforestation
Methodology
ISO 14064-2
Project Description

Production of carbon credits on an area of about 100 hectares in the Álfabrekka forestry area at Þóroddsstaðir in Grímsnes in South Iceland. The project is a multi-purpose forest with an emphasis on carbon sequestration, soil protection, outdoor recreation, timber production and other ecosystem services. The project has a wide range of environmental, economic and social benefits.

Validation Criteria
Forest carbon code
Other - Please specify
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
Grímsnes og Grafningshreppur
Address
Álfabrekka
Geographical Region
Europe
Coordinates
64.13565013706331, -20.71514831855309
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Credits
All credit information, issuances, retirements and holders.
Est. Yearly Average
1K
t CO2-e per year
Est. Total
52K
t CO2-e
Crediting Start Date
JAN 1 '22
Crediting Period
50 Years

Sustainable Developement Goals

Good Health and Well-being

Ensure healthy lives and promote well-being for all at all ages

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

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

Other note

1 documents

Project description

2 documents

Validation report

2 documents