CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided...
Transcript of CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided...
![Page 1: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/1.jpg)
CASE STUDYAlligator River Avoided Conversion Project
Duke Forest Carbon Offsets WorkshopChapel Hill, NCNovember 13, 2012
![Page 2: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/2.jpg)
CONFIDENTIAL - Subject to NDA2 | Blue Source | A Leading Climate Change Portfolio
About Blue Source
Carbon Credit Portfolio
Leading N. American project developer and marketer since 2001 >100M tonne portfolio, >20M tonnes sold All active voluntary and regulatory standards/registries (CAR, VCS, ACR, AB, CSA) Projects in 48 states, all Canadian provinces Most CAR listed forestry projects First‐of protocol development in numerous carbon categories
Services
Carbon Credit Supply – structuring, marketing, sales Project Development – net‐back model aligns incentives, provides landowner full market upside without upfront cost/risk Technical Services – quantification and valuation of emission reductions, market and regulatory strategy
Blue Source has built the largest portfolio of North American emission reduction credits and projects.
![Page 3: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/3.jpg)
CONFIDENTIAL - Subject to NDA4 | Blue Source | A Leading Climate Change Portfolio
North America Portfolio Scale & Diversity
Blue Source’s portfolio has been amassed over the past 10 years and totals 100s of million tonnes in the US (4 states) and Canada.
![Page 4: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/4.jpg)
CONFIDENTIAL - Subject to NDA
Forestry Project Development & Commercialization
Protocol Assessment &/or Development
Forest Carbon Inventory Design & Implementation
Management Plan Development & Baseline Analysis
Project Design
Validation / Verification
Registration
Marketing, Sales, Contracting
Transition to California ARB Compliance
7 | Blue Source | A Leading Climate Change Portfolio
Blue Source has extensive experience in creating and selling tonnes in the market. Speed, technical knowledge, premium pricing are central to success
![Page 5: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/5.jpg)
CONFIDENTIAL - Subject to NDA
Additional Case Studies: 9 North Carolina Forest Projects
In Process:Alligator River Forest Restoration1 Additional Forest Conservation1 Additional Forest Improvement1 Additional Forest Restoration
7 | Blue Source | A Leading Climate Change Portfolio
Registered &/or Sold:Pungo River Forest ConservationNoles North & South Forest ConservationPocosin Forest Conservation/Restoration 5k acre AC (agriculture) + AR Revised soil methodology Aggregation
![Page 6: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/6.jpg)
CONFIDENTIAL - Subject to NDA
Other Examples: Audubon, TNC, TIMOs
vs.
Audubon Beidler Forest Improvement ~6k acre IFM (no‐harvest) Preserves unique ecosystem
Bishop Forest Improvement 250k acre IFM (FSC) Scale (acreage, products)
TNC Working Woodlands FSC plan and certification provided by TNC Small landowner aggregation >20k acres protected
![Page 7: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/7.jpg)
CONFIDENTIAL - Subject to NDA
Case Study 1 ‐ Alligator River Forst Conversion Project
2010‐11 verified, registered, sold (pre‐sale accelerated owner value) First of CAR forestry outside CA, soil carbon quantification
7 | Blue Source | A Leading Climate Change Portfolio
CAR Avoided Conversion ~3K acres, Hyde County, NCNative bottomland hardwoods Conversion to agriculture prevented by easement
![Page 8: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/8.jpg)
CONFIDENTIAL - Subject to NDA
Alligator River Habitat Protection
7 | Blue Source | A Leading Climate Change Portfolio
![Page 9: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/9.jpg)
CONFIDENTIAL - Subject to NDA
Costly and Time‐Consuming Process (Plus ARB Transition )
Multiple tasks, documents, analyses: Designation of Authority Form Project Submittal Form Attestation of Title Boundary Map Signed Easement Inventory Growth Model / Baseline Monitoring Plan Project Design Document First Verification / Validation Project Implementation Agreement Initial Registration / Transfer Sales, Contracting Ongoing monitoring/verification
7 | Blue Source | A Leading Climate Change Portfolio
Significant upfront costs (>$100k/project) Inventory Legal Appraisal Growth, baseline modeliing Verification Registration
![Page 10: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/10.jpg)
CONFIDENTIAL - Subject to NDA
Forest Project Development Observations
7 | Blue Source | A Leading Climate Change Portfolio
Restrictions on management can be limited (easement terms, reversals) Still burdensome for small projects (stocks and acres, easements)
Solutions exist to 100 year+ commitment and invalidation risk
Great progress by CAR and verifiers but still “first‐ofs” for allNo substitute for local knowledge + project experience to mitigate risk
![Page 11: CASE STUDY Alligator River Avoided Conversion Project · CASE STUDY Alligator River Avoided Conversion Project Duke Forest Carbon Offsets Workshop Chapel Hill, NC November 13, 2012](https://reader031.fdocuments.us/reader031/viewer/2022022019/5b94428709d3f2012e8cde9a/html5/thumbnails/11.jpg)
CONFIDENTIAL - Subject to NDA
Thank You!
7 | Blue Source | A Leading Climate Change Portfolio
Jeff ColeVice PresidentBlue Source 415‐637‐[email protected]