WEBVTT 00:02.370 --> 00:05.190 - The American Forest Foundation unlocks the power 00:05.190 --> 00:07.620 of private landowners to fight climate change. 00:07.620 --> 00:11.070 Today we're talking about the Family Forest Carbon Program, 00:11.070 --> 00:12.300 which unites forest owners 00:12.300 --> 00:15.750 to create high quality nature-based removal credits. 00:15.750 --> 00:18.060 I'm here with Nate and Christine 00:18.060 --> 00:21.450 who will share extraordinary impact results of the program. 00:21.450 --> 00:22.740 - The American Forest Foundation 00:22.740 --> 00:25.500 is a national conservation organization, 00:25.500 --> 00:27.360 and our mission is to achieve 00:27.360 --> 00:29.160 meaningful conservation outcomes 00:29.160 --> 00:32.010 through empowering family forest owners. 00:32.010 --> 00:34.170 There are 21 million family forest owners 00:34.170 --> 00:35.400 in the United States. 00:35.400 --> 00:37.890 Collectively, these families own about 40% 00:37.890 --> 00:39.360 of our nation's forests. 00:39.360 --> 00:42.660 To give you a sense of what 40% of US forest means, 00:42.660 --> 00:44.580 imagine the state of California 00:44.580 --> 00:46.650 and the state of Texas combined. 00:46.650 --> 00:49.350 - Our research shows that marginal agricultural land 00:49.350 --> 00:51.630 and forests has the potential to provide 00:51.630 --> 00:55.440 upwards of one billion tonnes of climate mitigation by 2050. 00:55.440 --> 00:57.960 Our goal with the Family Forest Carbon Program 00:57.960 --> 01:00.240 is to unlock the potential of these forests 01:00.240 --> 01:01.230 and put them to work 01:01.230 --> 01:03.810 as a meaningful climate mitigation solution. 01:03.810 --> 01:06.750 We have a couple of climate-smart forestry practices 01:06.750 --> 01:08.880 that they can implement on their property, 01:08.880 --> 01:10.680 which increases the carbon storage 01:10.680 --> 01:13.323 and sequestration on their individual forest. 01:14.670 --> 01:17.970 - BCG is strong in both forests and carbon markets. 01:17.970 --> 01:19.980 We have a deep understanding of carbon markets 01:19.980 --> 01:22.200 all the way from carbon credit portfolios 01:22.200 --> 01:24.660 to supply and demand dynamics to pricing. 01:24.660 --> 01:26.640 We've worked with the American Forest Foundation 01:26.640 --> 01:29.670 to help them look at their nature-based removal credits. 01:29.670 --> 01:30.810 - What is a carbon credit? 01:30.810 --> 01:34.770 A carbon credit represents one tonne of carbon dioxide 01:34.770 --> 01:37.020 or carbon dioxide equivalent 01:37.020 --> 01:39.060 that is kept out of the atmosphere, 01:39.060 --> 01:44.060 either because it's already here and we're keeping it here-- we're preventing it from being disturbed 01:44.160 --> 01:46.140 and being emitted into the atmosphere-- 01:46.140 --> 01:48.810 or because through the growth of forest, 01:48.810 --> 01:51.030 we are actually removing that carbon dioxide 01:51.030 --> 01:53.850 which is currently in the atmosphere from the atmosphere 01:53.850 --> 01:55.890 and locking it up in the woods. 01:55.890 --> 01:58.348 We, at the American Forest Foundation, we know forests 01:58.348 --> 02:01.500 and we know and we understand landowners 02:01.500 --> 02:03.270 and we know how to help landowners 02:03.270 --> 02:04.920 implement better management. 02:04.920 --> 02:08.100 But what is difficult for us is to understand 02:08.100 --> 02:10.920 what the landscape of the carbon market looks like. 02:10.920 --> 02:12.150 How big will it get? 02:12.150 --> 02:14.370 How much should carbon credits cost? 02:14.370 --> 02:16.953 What are investors looking for within this market? 02:18.210 --> 02:19.620 Through their market analysis 02:19.620 --> 02:21.390 and through their strategic advice, 02:21.390 --> 02:24.690 BCG really helped us refine our financial model 02:24.690 --> 02:27.120 and our presentation to investors. 02:27.120 --> 02:29.670 And we're very confident that's going to help us attract 02:29.670 --> 02:32.460 hundreds of millions of dollars in additional funding. 02:32.460 --> 02:34.050 What will we use that funding for? 02:34.050 --> 02:36.450 To enroll more landowners with existing forests, 02:36.450 --> 02:37.830 like what you see behind us, 02:37.830 --> 02:39.960 but also to reach out to landowners 02:39.960 --> 02:42.420 who currently manage agricultural properties 02:42.420 --> 02:44.790 to help them establish new forests. 02:44.790 --> 02:46.260 - As a mission-driven organization, 02:46.260 --> 02:47.970 we are committed to the quality 02:47.970 --> 02:49.800 of the credits that we produce. 02:49.800 --> 02:52.320 Number one, to provide meaningful climate mitigation, 02:52.320 --> 02:55.260 but number two, to provide an enduring support system 02:55.260 --> 02:57.420 for the landowners enrolled in our program. 02:57.420 --> 02:59.610 I am also a landowner myself, 02:59.610 --> 03:02.490 who is enrolled in the Family Forest Carbon Program, 03:02.490 --> 03:05.310 which means that we are implementing specific activities 03:05.310 --> 03:08.760 on our property that will enhance the carbon sequestration 03:08.760 --> 03:11.820 and storage potential of our individual woodland. 03:11.820 --> 03:13.260 It's very meaningful for us 03:13.260 --> 03:15.810 because this place means a lot to us, 03:15.810 --> 03:17.190 to me and my family, 03:17.190 --> 03:18.450 and it's important for us 03:18.450 --> 03:20.160 that we maintain this legacy, 03:20.160 --> 03:22.650 this place for them to grow and enjoy 03:22.650 --> 03:24.443 and love into the future. 03:24.443 --> 03:27.026 (mellow music)