Carbon Credits

Carbon credits serve to counterbalance emissions that are occurring elsewhere and are one of several solutions used to reduce greenhouse gas emissions. Activities that sequester or absorb carbon are converted into credits that can be purchased to offset emissions. It acts as an encouragement to create more credits and helps lower the overall costs of transitioning to a low-carbon economy.

In 2022, Mosaic introduced its BigCoast Forest Climate Initiative, which commits to deferring harvest on nearly 40,000 gross hectares of private land through Coastal British Columbia. The initiative is the largest of its kind in Canada, and will conserve some of British Columbia’s oldest trees, sensitive ecosystems, wildlife habitats and drinking watersheds. It will also conserve lands that hold  cultural significance to Coastal First Nations.

Key Benefits:

Conserving these unique ecosystems  is anticipated to allow for the capture and storage of more than 20 million tonnes of CO2e (all greenhouse gases that contribute to global warming)

Mosaic will be able to sell the carbon credits generated to voluntary market participants that have committed to net zero goals and other sustainability initiatives.

Old forests (120 years and older), ecologically significant areas, and culturally important areas are targeted for the forest carbon project. Ecosystem protection is achieved through the conversion of industrial forest to protected forest, increasing carbon retention and avoiding future greenhouse gas (GHG) emissions from harvesting operations.

Mosaic has committed to share a portion of the proceeds with the Pacific Salmon Foundation and the Indigenous Protected and Conserved Areas Innovation Program to support scientific and First Nations cultural research on and around the project lands.

To learn more about this initiative visit BigCoastForest.com

Carbon credits may be issued through Verified Carbon Standard project ID #3018 (BigCoast Forest), for the greenhouse gas emission reductions or removals associated with Mosaic Forest Management Corporation’s log resources whose emissions footprint is changed by project activities.

Mosaic continues to manage a legacy compliance carbon project from 2013 where an additional 1000 ha is in a carbon reserve.