The pilot tests scheduled for LIFE CLIMARK should allow us to evaluate each of the future climate credit market’s implementation phases, leading up to its eventual launch in 2023.The tests help to assess the suitability of the planned forest actions and the methodology for calculating their impact and to calculate the climate credits generated. We work with the different stakeholders in each territory to specify how the entire process should be organised, from the proposal of the forestry project to its effective financing and subsequent certification.
The phases included in each of the pilot tests are:
- Identification of the main ecosystem services to be improved and the main players to take into account in each territory, at the landscape level. Several informative and participatory meetings are set up to cover the general idea behind the project and the specific objectives of each test.
- Drafting of a Climate Change Mitigation and Adaptation Forest Project (PROMACC), a manual for the roll-out of grouped multifunctional forest management, with the selection of the different stands, management models and itineraries to follow and quantification of this management’s impact in terms of carbon, water and biodiversity. The PROMACC must include the costs of silvicultural management and site management (marking and monitoring) as well as those related to the in-situ communication of the action to being carried out.
- The PROMACC will be assessed in terms of the Climate Credits it generates, equivalent to the hectares of resilient landscape resulting from the planned management. Each Climate Credit will have an associated economic value according to the cost per hectare of the PROMACC and an impact of the proposed management for the next 15 years, the tonnes of carbon to be offset, the cubic metres of water to be provided and the percentage improvement in the carrying capacity of biodiversity.
- Once the project has been defined, the search begins for the necessary funding, from private and/or public entities, to implement the project. The monitoring of actions is key to the correct provision of ecosystem services.
- The pilot test includes communication – press releases and dissemination on social media – and training tasks durint the project’s implementation.
