HRIS and Carbon Market
An accurate forest inventory is crucial for supporting carbon markets because it provides reliable data on the amount of carbon stored in forests and helps establish a foundation for fair and effective carbon credit transactions. HRIS provides essential data that helps in quantifying the amount of carbon stored in forests and other natural resource ecosystems.
Here's how HRIS supports carbon markets:
Quantifying Carbon Stocks
An HRIS inventory measure tree species, size, age, and biomass, allowing for the calculation of the carbon stored in forests. Accurate data ensures proper estimation of baseline carbon levels and subsequent carbon sequestration over time.
Establishing Baselines
Baselines represent the starting point for measuring additional carbon storage. A robust forest inventory ensures the baseline is scientifically sound, making it possible to measure changes accurately.
Monitoring and Verification
Carbon markets require regular monitoring to verify that projects are achieving the promised carbon sequestration or emission reductions. A precise inventory supports this by enabling third-party verifiers to assess changes in forest carbon stocks with confidence.
Supporting Credible Carbon Credits
Accurate forest inventory data ensures that carbon credits issued are credible and based on real, measurable, and additional carbon storage. This transparency builds trust among investors, buyers, and regulators in carbon markets.
Facilitating Project Design
HRIS inventory data helps identify suitable areas for carbon offset projects, such as reforestation, afforestation, or improved forest management. It also allows project developers to model potential carbon sequestration scenarios and optimize strategies.
Preventing Overestimation or Fraud
Inaccurate or incomplete data can lead to inflated carbon storage claims, undermining the integrity of carbon markets. A detailed HRIS inventory minimizes the risk of errors or fraudulent practices, ensuring compliance with standards like Verra's VCS or the Gold Standard.
Enabling Adaptive Management
HRIS inventory data can inform adaptive management practices, helping project managers adjust their strategies to maximize carbon storage potential over time.
Attracting Investors
Transparency and accuracy in forest carbon accounting increase investor confidence, as they can be assured their investments are based on scientifically sound data.
Our high resolution inventories are vital tools for understanding and managing forests' contribution to carbon sequestration and climate change mitigation. See for yourself how Perimeter Forest was able to incorporate their HRIS inventory into an intuitive map viewer of their Painted and Taiga Forests.