Who Will Own the Forest

Kaarsten Turner Dalby was a panelist at the “Who Will Own the Forest?” conference September 19-21 in Portland, Oregon.

“Who Will Own the Forest?” is an annual conference focused on the unique opportunities and challenges in forestland investments . The “Who Will Own the Forest?” conference series has become the largest event of its kind in North America, and is considered by many to be the premier forestland investing event. This 2½ day conference offers ample networking and learning opportunities including continuing education credits for appraisers, attorneys, foresters, and CPAs.

The goal of the panel, Carbon Promises and Reality was to provide a grounded discussion of recent decisions, evaluations, deals, progress and 3-5 year trends in the North American Forest Carbon Market.

Kaarsten joined other panelists:

  • Mike Cafferata Oregon Dept of Forestry. ODOF has been assessing the potential of carbon revenues for newly acquired properties with support from the Conservation Fund. ODOF is a potential generator and seller of carbon credits.
  • Nick Martin American Carbon Registry. ACR has been setting standards for forestry projects that are different than the Climate Action Reserve standards. ACR is currently working to move their methodologies from the voluntary market to the California market.
  • Eron Bloomgarden EKO Asset Management Partners. EKO AMP is a potential buyer of carbon credits through their new fund.

The panel was set-up with a presentation delivered by Eron Bloomgarden who addressed:

  • The current forest carbon market size (CAR, voluntary ACR/VCS, BC/Canada), (US vs International)
  • Who is buying/selling? What are the current transaction volumes and price ranges?
  • What is the projected demand for credits in California for 2012-2020?
  •  What are the latest trends?

There has been plenty of talk about the potential for carbon credits to create new revenues for owners of forestland, but regulatory hurdles, environmental concerns, unclear climate policies, and slow financing have resulted in progress measured in fits and starts rather than leaps and bounds. Moreover, there have been questions about how California’s AB32 implementation, that includes forestry credits, will affect momentum. Within this framework, the panelists attempted to address how leading organizations are evaluating the costs, benefits, and timing of monetizing forest carbon revenue.

Proceedings (including agenda, participant list, speaker biographies and presentations slides) will be available for purchase in digital Adobe Acrobat format in a few weeks. If you want to be notified when the CDs are available, please send an e-mail to swu@worldforestry.org. If you have specific questions about Kaarsten’s presentation, please contact her at Kaarsten@forestlangroup.com