Helping Family Forest Owners To Take Part in Natural Climate Solutions

Rhea-AI Summary

International Paper announced its support for the Family Forest Carbon Program, enabling family forest owners to access climate finance from carbon markets, helping mitigate climate change while generating income. This program, developed in collaboration with the American Forest Foundation and The Nature Conservancy, focuses on family forest landowners who manage nearly 40% of U.S. forestlands.

In 2022, the program expanded to enroll an additional 248 landowners across 36,302 acres, bringing total enrollment to 313 landowners managing 46,088 acres, projected to sequester 987,000 tonnes of CO2. The initiative aims to enroll an additional 95,000 acres in 2023 and will also launch activities in the U.S. Southeast, focusing on afforestation and improved management of native pine species.

Positive

• Support for the Family Forest Carbon Program enhances IP's commitment to sustainability.
• Enrollment growth with 248 new landowners and 36,302 acres adds to carbon sequestration efforts.
• Projected CO2 sequestration of 987,000 tonnes under verified standards indicates strong environmental impact.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / April 18, 2023 / International Paper Company

The importance of family forest landowners

Forests cover more than 750 million acres in the U.S., about one-third of the country's landmass. They represent the country's largest terrestrial carbon sink, continuously taking carbon out of the atmosphere and storing it in trees. Yet forests offer significantly greater potential to mitigate the country's carbon impacts through carbon-smart forest management.

Enter family forest landowners - the families and individuals who own and manage nearly 40% of America's forestlands. Forest landowners, whose tracts measure between 30 acres and 2,400 acres, care deeply about the health of their woods, the future of their land and the planet. They want to play an active role in protecting forests, but often struggle to realize the full potential of their land for carbon sequestration.

How the Family Forest Carbon Program can help

The Family Forest Carbon Program, developed by the American Forest Foundation (AFF) and The Nature Conservancy, with financial and technical support from International Paper, enables family forest owners to access climate finance from carbon markets - empowering them to help address climate change while earning income from their land.

In a recent American Forest Foundation blog, the AFF noted that voluntary carbon markets are emerging as one of the primary ways to finance climate action. In a new strategic direction for the Family Forest Carbon Program, the AFF will expand access to this market for family forest owners from all walks of life while producing high quality forest carbon credits.

"The sustainability of forests remains critically important to our business, our communities, and our planet," said Sophie Beckham, IP's Chief Sustainability Officer. "Natural climate solutions are key to mitigating climate change. Programs such as this one are essential to advancing robust carbon accounting methodology and identifying incentives to engage family forest landowners."

Growing the program to help families store more carbon

In 2022, IP's support enabled the Family Forest Carbon Program to scale up in the Central Appalachian area of the U.S., while also expanding into other forest areas. The program has enrolled an additional 248 landowners representing 36,302 acres, bringing the total enrollment to 313 landowners and 46,088 acres.

Across the life of their contracts, those landowners will sequester and store an additional estimated 987,000 tonnes of carbon dioxide - a number which will be validated and verified by third-parties under the Verified Carbon Standard.

The program has expanded from the Central Appalachians to the Northeast (Vermont, New York and New Hampshire) and the Midwest (Wisconsin, Minnesota and Michigan), and aims to enroll an additional 95,000 acres in 2023.

The program also is on track to launch activities in the U.S. Southeast this year, with practices related to afforestation of degraded fields and pasturelands, and potentially with practices aimed at the improved management of native pine species.

Learn more about the Family Forest Carbon Program.

About International Paper
International Paper (NYSE:IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. Additional information can be found by visiting InternationalPaper.com.

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SOURCE: International Paper Company

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FAQ

What is the Family Forest Carbon Program supported by International Paper?

It is a program enabling family forest owners to access climate finance from carbon markets, promoting income generation while mitigating climate change.

How many landowners are enrolled in the Family Forest Carbon Program as of 2023?

As of 2023, a total of 313 landowners are enrolled in the program, managing 46,088 acres.

What is the carbon sequestration estimate from the Family Forest Carbon Program?

The program is projected to sequester an additional 987,000 tonnes of CO2 across the life of the contracts.

Where is the Family Forest Carbon Program expanding in 2023?

The program aims to expand into the Northeast and Midwest, as well as launch activities in the U.S. Southeast.

What collaboration is behind the Family Forest Carbon Program?

The program was developed by the American Forest Foundation and The Nature Conservancy with support from International Paper.