Methodology

TERO.003 - Carbon stock in forests

Tero.003 – Carbon Stock in Forests

Overview

The objective of this methodology is to generate environmental assets in projects that promote the maintenance, conservation and preservation of carbon stocks in forests (natural or planted) in the Amazon Biome

TYPE

Agriculture, Forestry and Other Land Uses (AFOLU)

CATEGORY

Carbon Stock

Activities

  • Maintenance of Carbon Stocks in the Forest;
  • Silviculture; and
  • Agropastoral Systems.

Assets

  • Verified Carbon Stock (tCO2e)
  • Verified Carbon Credit (tCO2e)

Tero.003 – Carbon Stock in Forests

Minimum Criteria

  1. Full compliance with the New Forest Code (Law No. 12,651, of May 25, 2012);
  2. Rural property duly registered in the Rural Environmental Registry (CAR) with zoning and absence of overlap with other areas (public or private);
  3. Full ownership of the rural property;
  4. Lack of mention on the Ministry of Labor’s Slave Labor Dirty List of project proponents and rural property owners;
  5. Absence of embargoes on rural property to be financed by environmental agencies;
  6. Comply with sectoral and regional agreements established for the crop (Soy Moratorium and the Green Protocol for Grains of Pará);
  7. In the Cerrado biome, no conversion of natural areas occurred after June 2017.

Tero.003 – Carbon Stock in Forests

Eligibility

ITEM

DESCRIPTION

Geographic Boundaries

The limits of the Project Areas (PAs) must be fully inserted in the Amazon Biome

Mosaic

The use of a single rural property or a group of mosaic-shaped properties is permitted

Type of Rural Property

Private rural property or Conservation Units with the prerogative of generating environmental assets

Type of Forest

- Native natural forests, on dry land and/or in seasonally flooded areas (e.g.: floodplains and igapó);
- Planted forests (forest plantation), of native and/or exotic species.

Sizes

Rural Property of at least 5 hectares and at least 1 hectare of forest in the Project Area

No Double Counting Guarantee

The project area cannot have a Carbon Stock or Credits project or any other asset linked to the Carbon environmental asset, registered and/or certified by another “standard/methodology” in the same crediting period

Activities

It is necessary to carry out at least one of the activities provided for in this methodology

Tero.003 – Carbon Stock in Forests

Additionality

For the purposes of this methodology, it is understood that the main uses of Amazonian lands are: agriculture, selective logging, energy production (hydroelectric plants, oil and natural gas) and extractivism. Therefore, in the absence of a Carbon Stock type project in Amazonian tropical forests, the existing forest within the limits of the Project Area (PA) would be deforested or degraded, either for the implementation of alternative land use, focusing on agropastoral activities, or illegally.

Tero.003 – Carbon Stock in Forests

Temporal Limits

There is no limit to the duration of the project (“Zero Deforestation” commitment).

Tero.003 – Carbon Stock in Forests

Additional Benefits (Co-Benefits)

The additional carbon benefits, or co-benefits, for projects using this methodology are:

  1. onservation and preservation of the largest terrestrial biodiversity on the planet; and
  2. Sustainable development.

Methodology (AFOLU, Carbon Stock)

TERO.003 – Carbon Stock in Forests, Version 1.0

Tero.003 – Carbon Stock in Forests

F.A.Q.

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What is Carbon Stock?

The Verified Carbon Stock (in tons of carbon dioxide equivalent – tCO2e) is similar to a Green Bond. It is inferred referring to the amount of tons of carbon dioxide equivalent in the forest biomass at the moment of measurement.

What is Carbon Credit?

Financial, environmental, transferable asset representing the reduction, removal and avoidance of greenhouse gas emissions, represented by one ton of carbon dioxide equivalent (tCO2e), which has been recognized and generated as credit in the voluntary or regulated market.

What is the difference between stock and carbon credit?

Carbon credit and carbon stock are two different assets. The Stock represents the biomass stored in the proponent’s forest area and represents a Green Bond. The Carbon Stock cannot be retired, for example, to compensate for greenhouse gas emissions. Carbon Credit, on the other hand, can be transferred and retired.

Can the carbon stock be used to offset my emissions?

No. The Carbon Stock is a Green Bond that is not intended to be used to offset greenhouse gas emissions.