Extracting carbon that is already in the atmosphere with trees and vegetation.
The price is per One Metric Tonne Certificate.
Carbon offsets generated by vegetation planting these projects represent an actual emission reduction as opposed to removing an emission already in the atmosphere.
There are two basic types of schemes. The re-establishment of vegetation across a landscape previously cleared or the avoidance of the loss of biomass from a landscape. To be accredited, projects are typically required to remove carbon from the atmosphere for periods of 70 to 100 years.
Reforestation/ Afforestation/ Improved Forest Management
Unlike renewable energy and energy efficiency projects, these vegetation projects do not avoid the emission of greenhouse gases into the atmosphere;
They also typically require risk management plans to avoid the loss of stored carbon, the setting aside of some of the total carbon sequestered by the project in a buffer as a risk management strategy and often encourage the pooling of various project locations to spread risk spatially.