Canada cultivates climate solutions with financial incentive for sustainable forest management

By Environment and Climate Change Canada
Cision Newswire
May 6, 2024
Category: Forestry
Region: Canada

GATINEAU, Quebec — Sustainable forest practices promote carbon storage, conserve biodiversity, and ensure resilient forest ecosystems. Canada continues to support sustainable forest practices with the third federal offset protocol for use under Canada’s GHG Offset Credit System—Improved Forest Management on Private Land. …This new protocol gives project developers a financial incentive to implement voluntary forest management practices that will increase the amount of carbon stored in forestlands and earn revenue for those projects. Foresters, Indigenous communities, and other project developers can earn credits under this protocol by minimizing site degradation, thinning diseased trees, increasing rotation age, and doing other activities that maintain or enhance carbon storage. …Canada’s GHG Offset Credit System is among several measures that the government is taking to reduce GHG emissions. This protocol joins the existing suite of protocols under the system.

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