FAQ’s

WHAT IS THE WCI?
The Western Climate Initiative, or WCI, was started in 2007 by five Western US States with the goal of developing a multi-sector, market-based program to reduce greenhouse gas emissions. The WCI provides administrative and technical services to support the implementation of state and provincial greenhouse gas emissions trading programs. The WCI is the world’s third largest carbon market and the largest in North America.
WHAT ARE THE REQUIREMENTS FOR FORESTED LAND TO BE ELIGIBLE FOR AN AVOIDED CONVERSION (AV) PROGRAM?
  • Forested lands must be situated on lands that are privately owned prior to commencement of the program;
  • must demonstrate that the project land is under a significant threat of conversion to a non-forest land use;
  • must be entirely covered by a qualified conservation easement or entirely transferred to public ownership;
  • must be defined through the required appraisal process;
  • must be determined to have a “higher and better use” as a residential development, commercial or industrial building development, agricultural production or mining use or a recreational use;
  • can be contiguous or separated into tracts, and;
  • may not include land that is subject to a conservation easement with federal holders.
HOW MANY CREDITS PER ACRE DO THE PROJECTS GENERATE?
There are numerous factors that determine the projects yield of carbon credits per acre. Maturity and density of trees, species of trees, and in the case of Avoided Conversion programs, the lands “higher and better use” all come into play to determine the carbon credit yield. Historically, IFM and AC projects under the Western Climate Initiative have generated 15 credits or more per acre.
WHERE MUST PROJECT LAND BE LOCATED TO BE ELIGIBLE FOR THE WCI?
To be eligible for the WCI, projects must be located anywhere in the United States or Canada.
HOW IS THE PRICE OF CARBON CREDITS DETERMINED?
Carbon credits are traded on the Western Climate Initiative Market. As of July 2019, the market price is $17.16 per credit. The United States Government guarantees a mandated annual base price increase of 5% plus CPI (around 3%). Therefore, the WCI carbon credit base price will increase approximately 8% per year.
WHAT IS THE TIME FRAME FROM PROJECT COMMENCEMENT TO THE SALE OF THE INITIAL CARBON CREDITS?
The initial carbon credits can be expected to be sold from 14 to 16 months from the commencement of the program.
WHO ARE THE CURRENT PARTNERS OF THE WCI?
As of June of 2019, the State of California and the Canadian Provinces of Quebec and Manitoba are WCI partners. A bill to join the WCI has recently passed the Oregon House of Representatives and is currently being voted on by the senate. Additionally, Mexico has recently issued an MOU outlining its intention to shortly become a WCI partner. The WCI currently covers a population of more than 60 million and about 8 trillion US dollars in gross domestic product (GDP).
WHAT ARE THE REQUIREMENTS FOR A COAL MINE TO BE ELIGIBLE UNDER THE MINE METHANE CAPTURE (MMC) PROGRAM?
  • Active surface mines and active underground mines must be classified by the Mine Safety and Health Administration as active, intermittent or temporarily idle;
  • abandoned underground mines must be classified as abandoned or abandoned and sealed;
  • project must be located in the United States;
  • project must capture methane that would otherwise be emitted to the atmosphere; and
  • project must destroy the captured mine methane through an eligible end-use management option.
FOR HOW MANY YEARS DO THE PROJECTS GENERATE CREDITS?
Under the IFM, AC, and MMC protocols for the Western Climate Initiative, projects generate carbon credits annually for 100 years.
CAN WORLDWIDE CARBON, LLC ASSIST WITH THE SALE OF THE CREDITS?
Worldwide Carbon, LLC is listed on all major trading exchanges and services over 100 of the largest credit buyers in the market including many energy “majors”.
CAN WORLDWIDE CARBON, LLC ASSIST WITH PROJECT FINANCING?
Worldwide Carbon, LLC works with several lenders who can assist land owners with their up front development expenses.
HOW DOES THE WWC ENGAGEMENT PROCESS WORK?
WWC will conduct initial due diligence on your property to confirm it meets protocol guidelines and to assess project feasibility. Upon completion, Worldwide Carbon, LLC will provide you with a project development plan and budget.
WHAT IS WORLDWIDE CARBON, LLC PROJECT FEE?
Worldwide Carbon, LLC’s fees are determined on a project by project basis. Generally, we partner with the land owner and receive a percentage of the revenue over an agreed upon period of time.
IS THERE ANY RISK OF CREDIT INVALIDATION?
Projects located in Canada are guaranteed by the Canadian Government;, therefore, there is no risk of invalidation. Projects located within the United States are submitted to Lloyds of London for coverage of any losses caused by a weather event, fire, or blight.
WHAT IS THE MINIMUM ACREAGE YOU WOULD CONSIDER FOR A PROJECT?
To be considered for a project, we prefer a parcel of forested land to be a minimum of 5,000 acres.
WHAT OTHER SERVICES DOES WWC PROVIDE?
World Wide Carbon, LLC is a full service “end to end” vertically integrated sustainability solutions provider. We handle everything from the initial project planning, financing, on going operations, management of timber operations, and the selling of credits to our network of buyers.
WHAT ARE THE REQUIREMENTS FOR FORESTED LANDS TO BE ELIGIBLE FOR AN IMPROVED FOREST MANAGEMENT (IFM) PROGRAM?
  • Forested lands must be situated on either private or public lands, excluding federal lands;
  • must be situated on land that has a greater than 10% tree canopy cover;
  • can be contiguous or separated into tracts;
  • may not include land that is subject to a conservation easement with federal holders.
ARE THERE ALWAYS BUYERS AVAILABLE FOR THE CREDITS?
The WCI is the largest carbon market in North America and the third largest in the world behind the European Union and China. Current projections reveal a shortfall of 562,000,000 units by 2030, with a market value of over $8 bBillion. The WCI Auction is always fully subscribed, and demand will increase with the expected additions of Oregon and Mexico.
HOW ARE CREDITS EXCHANGED AND TRACKED?
Similar to the SEC regulating the stock market, The California Air Resource Board (CARB) is tasked with overseeing compliance of all WCI carbon credits. All projects are listed within the Climate Action Reserve database. To exchange carbon credits, a seller must have an account with the California Instrument Tracking System Service (CITSS). CITSS is administered by the Western CI and tracks carbon credits by their serialization number, from the point of issuance by jurisdictional governments, to ownership, transfer by greenhouse gas emitters or other market participants, and to final compliance retirement.

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