Methodologies for Quantification of Natural Capital Credits


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The NFS requires projects to quantify carbon and other ecosystem benefits using approved methods.  The following guidance is provided to assist the development of methods that can gain approval by the Technical Committee.

Methodologies should cover the following steps:

  • Mapping of vegetation to be conserved and restored within the project area and identification of potential leakage zones.
  • Estimation of carbon stocks within the project area and leakage zones at the start of the project.
  • Stratification of the project area and leakage zones according to the risk of deforestation into the NFS risk categories, using an approved risk methodology.
  • Calculation of emissions expected under the baseline scenario.
  • Monitoring of carbon stocks over the course of the project in the project and leakage area.
  • Calculation of net annual carbon benefits.

Transparency of Evidence and Assumptions

Methodologies should be based on transparent and relevant evidence and assumptions, and should take account of best available evidence.

Methods for Monitoring of Changes in Carbon Stocks

Monitoring methods should be consistent with good practices set out in GOFC-GOLD.

Leakage Areas

A leakage zone of 10 km from the boundaries of the project area is recommended. The NFS does not require projects to estimate the potential impacts of project activities on national or international markets.

Carbon Quantification Units

Methodologies should quantify Natural Capital Credits (NCC’s) that can be issued to a project or project area.

Projects may, but are not required to, quantify non-CO2 greenhouse gas benefits, such as avoided emissions of methane (CH4) or nitrous oxide (N2O).

Previous Versions
Downloads Natural Forest Standard Approved Methodology NFS AM001.1b No longer in use: NFS AM001.1b. Original Publication Date: 11th February 2014. This version of the NFS Approved Methodology has been replaced with NFS AM001.1b
Downloads Natural Forest Standard Approved Methodology NFS AM001.1a No longer in use: NFS AM001.1a. Original Publication Date: 14th October 2013. This version of the NFS Approved Methodology has been replaced with NFS AM001.1b
Downloads Natural Forest Standard Approved Methodology NFS AM001.1 No longer in use: NFS AM001.1 Original Publication Date: 22nd August 2013. This version of the NFS Approved Methodology has been replaced with NFS AM001.1a
DownloadsNatural Forest Standard Approved Methodology NFS AM001.0 No longer in use: NFS AM001.0 Original Publication Date: 24th January 2013. This version of the NFS Approved Methodology has been replaced with NFS AM001.1

References

GOFC-GOLD, 2013, A sourcebook of methods and procedures for monitoring and reporting anthropogenic greenhouse gas emissions and removals associated with deforestation, gains and losses of carbon stocks in forests remaining forests, and forestation. GOFC-GOLD Report version COP19-2, (GOFC-GOLD Land Cover Project Office, Wageningen University, The Netherlands).Available at: http://www.gofcgold.wur.nl/redd/sourcebook/GOFC-GOLD_Sourcebook.pdf

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