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M-AGG Conference June 17, 2010. SUNONE SOLUTIONS. SunOne Solutions. Your Partner for Harvesting Carbon Credits. SunOne Solutions Overview. We develop agricultural, land management, and environmental projects for registration and trading on carbon exchange markets.
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M-AGG Conference June 17, 2010 SUNONE SOLUTIONS SunOne Solutions Your Partner for Harvesting Carbon Credits
SunOne Solutions Overview • We develop agricultural, land management, and environmental projects for registration and trading on carbon exchange markets. • Our primary focus is carbon sequestration projects for Agriculture, Forestry and Other Land Use (AFLOU), including REDD, methane capture, and biomass. • We are members of the Chicago Climate Exchange (CCX) and Climate Action Reserve (CAR), also work with Voluntary Carbon Standard (VCS) and American Carbon Registry (ACR). • We have successfully developed over 150 projects accounting for over 3 million tCO2 on over 2 million acres in 11 U.S. states. • We provide advisory services and project facilitating for clean energy and other carbon projects. SunOne was recently named the #1 Carbon Offset Aggregator in North America by Point Carbon
Strong strategic partners • C-Quest Capital • Formed by ex-World Bank and Goldman Sachs staff • Extensive carbon finance experience • Nebraska Heavy Industries • Leading Nebraska investment fund, Founding Partner • Extensive agriculture networks • Endesa Carbono • Founding partner of SunOne Solutions • Leading European and CDM project developer
AFOLU: PROJECT TYPES SunOne’s project development services focus on: Farmland Grassland Rangeland Forests
Soil Carbon OVERVIEW • Nearly a quarter of global and 10% of US annual emissions result from land use change. • Agriculture lands could sequester approximately 200-400 million MtCO2e annually. • Lowest abatement cost: • Most projects profitable at $2-4 • Vs. $15 to $30 for other projects including Ag Methane, CCS, Land Fill Methane, etc
protocols and Methodologies • ACR • Forestry Standard v2.0, Accepts CDM AF/RE • Working on N20 reduction methodology • Discussing soil agriculture, in-house Winrock expertise • CAR • Forestry Protocol – Several project types, inc. avoided conversion • Reviewing literature on soil protocols • CCX • Forestry Protocol - Several project types • Rangeland and Farmland Protocols • VCS • Has REDD and other forestry methodologies in works • Limited soil methodology development
Major Issues: Soil and forestry • Measurement • Practice base vs. project “measurement” base • Measuring carbon or measuring green tonnage • Additionality • Project Baseline Scenario – How to define business as usual • Regulatory, Common Practice, Implementation Barriers • Concern over public lands • Permanence • Key issue with AFOLU • Reversals and buffer pools • Leakage issues – important for ranching like forestry • Avoided conversion of grasslands
conclusions • Forestry “standards” can provide a good model for agriculture soil “standards” as major carbon project issues are similar, particularly with focus on permanence. • The blocking and tackle of projects is different, and forester mentality is very different from farmer/rancher mentality regarding carbon. • Demand for soil agriculture projects has been way to slow to develop, mainly due to lack of protocols / methodologies and govt support. • Shifting to a $3-$4 per ton economically viable measurement approach is key • PR value of forestry is higher than grasslands (in a voluntary market). • Our govt policies focus too much on sustaining our agriculture “sector” but not our agriculture “lands.”
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