Financing Improved Management of Forests in Northern Minnesota
- The Blandin Forest in northern Minnesota comprises more than 180,000 acres of native, mixed hardwoods that are owned and managed by the Blandin Forestry company. This forest provides important water quality, habitat, and public recreation benefits for the people and wildlife in northern Minnesota. In 2010, working with non-profit partners and the state of Minnesota, Blandin signed a conservation easement that guarantees the property will always remain forest and that it will be managed under sustainable SmartForestry practices.
To help offset the opportunity costs of avoiding traditional extensive logging, Blandin turned to the carbon markets. Managing its forest in a sustainable way, Blandin would be increasing carbon stocks and reducing carbon dioxide levels in the atmosphere. Blandin asked TerraCarbon to help evaluate its options and to guide the development of a carbon project.
TerraCarbon first helped Blandin consider voluntary vs. compliance market development by preparing estimates of potential offsets and assessing buyer demand, risks, and other considerations of each market. After Blandin decided to develop its project in the voluntary markets, TerraCarbon led the design and monitoring of the project, working closely with its staff and contractors to undertake forest inventories and prepare all necessary documentation.
- Blandin has registered its project with the American Carbon Registry and has been awarded more than 175,000 offsets. Blandin is now working with TerraCarbon to market these offsets to potential buyers and provide funding for its improved forest management practices.
Feasibility, Design, Monitoring, Marketing