LandYield and Finite Carbon Expand Forest Carbon Opportunities to Family Landowners in the Northeast
June 20 2024 - 8:30AM
Business Wire
LandYield, backed by decades of experience and expertise in
forestry, carbon markets and carbon finance, and Finite Carbon,
North America's leading developer and supplier of forest carbon
offsets, today announced the expansion of their collaboration to
the northeastern United States. As a result, over 200,000
landowners in the region with between 40 and 5,000 acres of
forestland are now eligible to enroll in LandYield’s forest carbon
offset program, which leverages Finite Carbon’s CORE Carbon®
platform.
The northeastern region of the U.S. encompasses approximately
34.4 million acres1 of family-owned forestland across Connecticut,
Delaware, Maine, Maryland, Massachusetts, New Hampshire, New
Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and
West Virginia.
CORE Carbon initially launched in 13 southeastern states in
August 2023. There are currently over 5,000 acres enrolled in the
program with nearly 12,000 acres being reviewed for approval, and
third-party verification is underway to begin issuing credits under
the ACR registry this year.
CORE Carbon opens carbon markets to small family landowners.
Previously, carbon finance for forest conservation and climate
mitigation was only accessible to large, institutional landowners.
This exciting new program allows carbon revenues to be spent
locally, helping support rural economies. Participating landowners
also protect water resources, improve habitat quality, and maintain
recreational values on enrolled forestlands.
Non-industrial forest landowners who enroll through CORE
Carbon’s streamlined process can receive immediate revenue
estimates and quarterly payments for the deferral of commercial
timber harvests and increasing the carbon stored on their land.
CORE Carbon additionally provides project development and an
ongoing monitoring infrastructure to ensure offsets generated are
verified with independent third-party registries and represent a
quantifiable, high-integrity climate impact.
“The northeast region is home to incredibly diverse and
resilient forestland, with family ownership comprising the majority
of acreage. We’re thrilled to provide the region with a program
that lowers barriers to carbon markets and provides financial
support and resources to family landowners,” said Josh Fain,
Director at LandYield. “The region is undergoing a huge
generational transfer of forestland which highlights the importance
of empowering landowners to secure long-term revenue that rewards
stewardship and improves vital environmental qualities.”
Enrolled land will be developed and verified as a carbon offset
project under the ACR’s peer-reviewed methodology, Improved Forest
Management on Small Non-Industrial Private Forestlands, designed
specifically for family forests.
Carrie Gombos, co-CEO of Finite Carbon, said: “CORE Carbon is an
innovative, easy-to-use platform with the proven ability to give
landowners the flexibility they need to access the voluntary carbon
market. Expanding to the northeast is emblematic of how our
patented technology allows the program to scale commercially with
the right partners to develop high-quality projects across
different forest types in the U.S. and beyond.”
Finite Carbon developed CORE Carbon using its patented remote
sensing technology, enabled by satellite imagery alongside data
from the U.S. Forest Service to measure and monitor forest growth.
This information is used to calculate the specific carbon dioxide
emission reductions and removals which can result from improved
forest management practices on a given piece of land.
Landowners may visit www.corecarbon.com to learn more about
Finite’s CORE Carbon digital platform or to evaluate project
designs under LandYield’s offset program.
About LandYield
LandYield, an American company founded in 2023, offers private
forest owners a unique opportunity to earn revenue by deferring
timber harvests, enhance carbon sequestration, and secure their
environmental legacy.
LandYield aims to connect family forest owners with between
40-5000 to the voluntary carbon market, allowing revenue generation
while conserving forests and positively impacting our
environment.
LandYield uses Finite Carbon’s CORE Carbon platform for user
friendly online enrollment, regular quarterly reporting and
payouts, and access to state-of-the-art remote sensing-based
monitoring to ensure a steady revenue stream for participating
landowners. LandYield is committed to sustainable forest practices
and environmental stewardship, aiming to leave a positive imprint
on our planet by helping owners maintain the beauty and
biodiversity of forests for future generations.
Find out more at www.landyield.com
About Finite Carbon:
Finite Carbon is North America's leading developer of forest
carbon offsets, combining unparalleled project development
experience with extensive carbon market knowledge. Since 2009,
Finite Carbon has developed more than 60 forest carbon projects in
the voluntary and compliance markets covering 4 million acres
across North America. Since then, Finite Carbon has been
responsible for developing and transacting more than 100 million
offsets, representing $1 billion in revenue, and generated over
one-third of all California compliance offset supply. Leveraging
its remote sensing and software expertise, Finite Carbon developed
the CORE Carbon platform, an advanced digital mapping platform that
streamlines carbon project development for landowners with between
40 and 5,000 acres. The CORE Carbon platform contains an
easy-to-use digital mapping tool that provides landowners with an
immediate carbon revenue proposal for their land at no cost and
allows for the ongoing management of their project. For more
information visit finitecarbon.com.
1 https://www.fs.usda.gov/nrs/pubs/rn/rn_nrs259.pdf
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Press Contacts: Brendan Terry Lansons
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jamess@lansons.com 917-238-9614