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Facilitating forest-based offsets in water quality trading

Agreement Number
12-203
Awardee Name
Alliance for the Chesapeake Bay, Inc
Grant Type
Classic
Project Title
Facilitating forest-based offsets in water quality trading
Awardee State/Territory
Maryland
Involved States/territories
Maryland
Award Year
2012
Start Date
End Date
Award Amount
$437,756.00
Production/Use
Forestry
Resource Concern (Broad)
Water
Resource Concern (Specific)
Water Quality
Conservation Practice(s)
Forest Stand Improvement
Project Background
This project proposes to harmonize state and local agency forest mitigation and trading requirements to ease adoption by agricultural producers, aggregators and credit buyers like developers. The project will test and refine market infrastructure, so it is immediately useful for landowners, public programs and credit buyers. It will also complete 8-10 forest-based practice pilot projects with Environmental Quality Incentives Program-eligible producers in southern Maryland to test forest protocols and market infrastructure. The project will also assist local governments in meeting the nutrient and sediment goals in their Watershed Implementation Plans by simplifying the implementation of forest based offsets and credits and easing their workload by establishing the Chesapeake Forests Offset Bank.
Project Scale
Regional
Farm-level
Project targeted to Historically Underserved producers?
No
Awardee Technical Contact Name
Albert Todd
Project Media