What is Climate Credit?
Funding is basic to move any project forward. Life Climark proposes using the Climate Credit market to fund multifunctional management projects. Climate Credits are a new exchange unit designed to facilitate investment in nature-based solutions in Catalonia within the framework of voluntary offsetting and corporate social responsibility initiatives.
The basic idea is for companies to buy X climate credits, which are used to pay for all or part of a forestry project. For companies the Climate Credit mark constitutes a secure, controlled way of managing their contributions, ensuring visibility and transparency. For those managing woodlands, it is a way to diversify income sources for their work, based on the benefits their activities generate for society. Climate Credits offer companies an opportunity to offset their carbon and water footprints voluntarily by investing in forest management in Catalonia.
Climate Credits are based on a comprehensive concept of forest management. This means that, for forestry measures to generate climate credits, they must have a positive impact both on the mitigation of climate change and on adapting to it, and must do so in a way that corresponds to the local context. Landscape-scale prior planning is therefore needed, with the involvement of the main agents in the region. The indicators and methods used to calculate climate credits have a solid scientific basis and have been chosen using the instruments and tools available to forest managers, in line with cost-effectiveness criteria.