6.7 Risk of Reversal
Last updated
Last updated
corresponds to NCS
The legal framework for forest management in Europe generally includes managing the forest so that it can continuously and fully perform its functions.
Two basic measures are as follows:
Forest restructuring from vulnerable tree species to more climate-adapted tree species.
Particularly conservative project assumptions.
The provisions of the NCS Chap. apply. to safeguard the integrity of the project register.
If there's a risk that the stock falls below the level for which certificates have been sold (e.g. due to an adverse event), the project owner immediately reports this to the registering organization. The sale of certificates from the project is stopped.
In the event of an actual biomass loss below the value for which VERs have been sold, the respective amounts of VERs in the project register are annulled.
Balancing within the project register can occur in one of the following ways:
The generation of further VERs is halted until the stock has reached the level present before the adverse event.
Project owners and program organizations can bridge such pauses by creating an internal unsold buffer of VERs.
The project's duration is extended if, at the end of the regular project period, a deficit in the project register exists, for the time it takes to offset the deficit through continued sink activity. Monitoring is extended accordingly.
Project deficits can also be offset by the program (program risk buffer) or through other measures while maintaining climate integrity.
The mentioned measures are confirmed through monitoring.