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Carbon Sequestration: Michigan Forestry Carbon Project Presentation to: The USDA Forest Service Landowner Assistance Carbon Sequestration: Michigan Forestry Carbon Project Presentation to: The USDA Forest Service Landowner Assistance Meeting Charleston, SC October 5, 2006

Presentation Overview l l l About the Delta Institute Illinois Conservation Climate Initiative Michigan Presentation Overview l l l About the Delta Institute Illinois Conservation Climate Initiative Michigan Forestry Projects – Activities – Opportunities – Benefits

About the Delta Institute The Delta Institute is a Chicago-based non-profit organization promoting environmental About the Delta Institute The Delta Institute is a Chicago-based non-profit organization promoting environmental quality and community development in the Great Lakes region • Aggregator for carbon offset credits • Trade carbon credits • Reimburse project owners • Technical assistance for verification and carbon baseline development

About the Chicago Climate Exchange l l l Voluntary, legally binding. Cap and trade. About the Chicago Climate Exchange l l l Voluntary, legally binding. Cap and trade. Members reduce emissions and/or buy credits Members include: Ford Motor Company, City of Chicago, Waste Management. Reduce GHG emissions 4% between 2003 and 2005 and an additional 2% between 2006 and 2010. Members joining after 2005 agree to reduce GHG emissions by 6% between 2006 and 2010. Since its inception in 2003, 19, 160, 680 metric tons of CO 2 reduced 8% overall reduction.

Size of Live, Emerging, Possible GHG Markets Size of Live, Emerging, Possible GHG Markets

ICCI Acreage Enrolled To-Date l l Total acreage enrolled- 62, 200 acres – 53, ICCI Acreage Enrolled To-Date l l Total acreage enrolled- 62, 200 acres – 53, 000 acres in conservation tillage – 6, 060 in CRP/CREP grassland – 3, 100 acres in CREP trees For the 2005 and 2006 verification years we will likely return over $231, 000 to the agricultural community (with carbon selling at approximately $4. 00/metric ton)

Michigan Forestry Carbon Offset Program: Primary Objectives l l l Develop a carbon forestry Michigan Forestry Carbon Offset Program: Primary Objectives l l l Develop a carbon forestry program that can become integrated into the Michigan Forest Stewardship Program or other forest management programs Develop a revolving technical assistance fund to promote participation Provide a niche for working forests and small managed forests within the carbon markets

Michigan Forestry Carbon Offset Program: Activities l l l Recruit participants Contracting and enrollment Michigan Forestry Carbon Offset Program: Activities l l l Recruit participants Contracting and enrollment Revolving technical assistance pool Trading and payment Expansion and transfer

Michigan Forestry Carbon Offset Program: Opportunities l 10 to 13 million acres of private Michigan Forestry Carbon Offset Program: Opportunities l 10 to 13 million acres of private forested land in Michigan l l – Aforestation/Reforestation (e. g. CREP, working forests) l l – Typical parcel sizes range between 100 and 400 acres Current CCX market value of $4. 00/metric ton carbon 3 to 5 metric of metric tons of carbon per acre Average yearly return to landowner $1, 200 to $4, 800 Non-industrial private forest land (e. g. working forests; plantations) l l l Planted before 1990 Average carbon sequestration rate of approximately 3 metric tons/acre Average yearly return to landowner $600 to $2, 400

Michigan Forestry Carbon Offset Program: Expected returns to the NIFL Expected Annual Net Revenue Michigan Forestry Carbon Offset Program: Expected returns to the NIFL Expected Annual Net Revenue Returned to Landowners ($4. 00 per metric ton) Enrolled acres CO 2 Offset (3 metric tons per acre) 25, 000 75, 000 $265, 500 50, 000 150, 000 $531, 000 100, 000 300, 000 $1, 062, 000 150, 000 450, 000 $1, 593, 000 200, 000 600, 000 $2, 124, 000 300, 000 900, 000 $3, 186, 000 500, 000 1, 500, 000 $5, 310, 000 Notes: • Revenue includes CCX transaction fee and 8% aggregation fee • Revenue is based on an average carbon sequestration rate of 3 metric tons per acre

Michigan Forestry Program: Benefits l l Strengthen Michigan’s forestry programs Provide an incentive to Michigan Forestry Program: Benefits l l Strengthen Michigan’s forestry programs Provide an incentive to landowners for sustainable forest management thereby potentially increasing the acreage being managed under Forestry Stewardship Plans Return revenue to private landowners providing an incentive for retention of forested lands and/or limiting fragmentation Strengthen the role of Michigan conservation districts and forestry professionals

Contact Information Abigail Corso Delta Institute Delta P 2/E 2 Center 312 -554 -0900 Contact Information Abigail Corso Delta Institute Delta P 2/E 2 Center 312 -554 -0900 ext. 25 [email protected] org Tim Brown Delta Institute Delta P 2/E 2 Center 312 -554 -0900 ext. 13 [email protected] org www. p 2 e 2 center. org