PORT HAWKESBURY: The Nova Scotia Landowners and Forest Fibre Producers Association (NSLFPA) and the Cape Breton Privateland Partnership (CBPP) hosted the first Maritime Forest Carbon Opportunities Conference last week in Port Hawkesbury.
Kari Easthouse, a forester with the Nova Scotia Landowners and Forest Fibre Producers Association, said the conference looked at possibilities for woodlot owners interested in participating in the carbon offset market.
“The concept there is that companies… that are under a cap and trade system, when they can’t meet their emissions targets in that jurisdiction, they have an opportunity to buy what are called carbon offsets from other places,” Easthouse said. “One of the ways you can produce a carbon offset for sale is manage your forest in a way that stores more carbon in it.”
A release from the CBPP states the event will explore opportunities to develop long-term storage of carbon, and trade of carbon credits in the forestry sector, with a focus on how woodlot owners and forest operators might use the sale of carbon offset credits to help finance improved forest management.
Easthouse said it is hard to cover the cost of doing good forest management based on current forestry products.
“Adding carbon as a potential product that you’re selling is a way to fund better forest management,” Easthouse said. “There’s some knowledge out there around what’s involved in it but it’s not always what people think or not always as simple as people think. Also, it’s to get people thinking about what we as woodlot owners could do to start taking part in that market place.”
The day featured speakers who, stated the release, focused “how the sale of offset credits is functioning in other jurisdictions – creating new revenue streams and improving carbon and forest health outcomes.”