Conservation Incentives
MCLI Recommendation: “Through tax deductions and tax credits, the federal government could provide significant incentives to corporations and private individuals who manage forestland to sequester carbon.”
LPDD Recommendation: “Congress and state legislatures should consider a modest carbon tax or GHG cap-and-trade program that recognizes private forest carbon capture as an emission offset, exempts emissions from sustainably produced biomass, and also imposes a tax burden on those who deforest their land through conversion.”
LPDD Recommendation: “Congress should impose a meaningful carbon tax (or auction) and create a CO2 trading regime in which sequestration in forests, soils, and forest products is specifically recognized.”
LPDD Recommendation: “Through tax deductions and tax credits, state and local governments could provide significant incentives to corporations and private individuals who manage forestland to sequester carbon.”
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19 resources
RGGI Forest Offset Projects and Biomass Exemption
The Regional Greenhouse Gas Initiative, a carbon cap-and-trade program amongst Northeastern states, has established offset credits Afforestation and Forestry. Allowances are awarded based on the addit...
Maine Tree Growth Tax Law
In Maine, property taxes for forest lands are based on the value of the land in its current use, rather than market value. This method allows for valuation of forestland based on the actual use of the...
IRS Conservation Contributions.
Under the IRC §170(f) and (h), a qualified conservation contribution in the form of a donation of land or a conservation easement to a 501(c)(3) organization such as a land conservancy or a state or l...
Kentucky Forest Stewardship Incentives Fund
Kentucky’s forest stewardship incentives fund is used to provide financial assistance to landowners for development of management plans and for practices including reforestation, afforestation, soil a...
California Cap-and-Trade Forest Offset Projects and Biomass Exemption
The California economy-wide cap-and-trade program established under the California Global Warming Solutions Act authorizes the creation of forest offsets. The California Air Resources Board has adopte...
Report, Seeding Capital: Policy Solutions to Accelerate Investment in Nature-Based Climate Action
This June 2021 report from Berkeley Law, UCLA, and Bank of America addresses policy mechanisms to drive investment in negative emissions from land-use, improvement of natural carbon sinks, and agricul...
North Carolina property tax reduction for forest conservation
In North Caroline, property taxes for forest lands are based on the value of the land in its current use, rather than market value. This method allows for valuation of forestland based on the actual u...
New Jersey RPS Sustainable Biomass Requirements
New Jersey’s Renewable Portfolio Standard requires a sustainability determination to qualify biomass among the technologies that will support the generation of renewable energy credits.
Maryland Loan Guarantees for Natural Climate Solutions
In 2021, Maryland passed HB 94, creating the Water Quality Revolving Loan Fund. In January 2023, using that fund, Maryland became the first state to approve a loan guarantee to finance “natural climat...
North Carolina Forest Development Act
A voluntary cost sharing program to “provide financial assistance to eligible landowners to increase the productivity of the privately-owned forests of the State.” Along with Legislative appropriation...
Michigan Qualified Forest Program
Michigan’s Qualified Forest Program is a program under which a landowner may execute a Qualified Forest Affidavit on land that qualifies to be enrolled. By executing and recording the Affidavit, the l...
Georgia Forest Land Protection Act
In Georgia, private land used for “good faith subsistence or commercial production of trees, timber or other wood and wood fiber products” is exempt from property taxes. Eligible property may have sec...
Colorado Conservation Easement Tax Credit
Colorado has offered a state income tax credit for the donation of conservation easements since 2000. Federal requirements for charitable contributions are used to determine eligibility for the state ...
Virginia Land Preservation Tax Credit
Virginia allows an income tax credit for 40 percent of the value of donated land or conservation easements. Taxpayers may use up to $20,000 per year through 2020 and $50,000 per year in subsequent tax...
Oregon Forest Resource Trust
Oregon’s forest resource trust provides financial and technical assistance to qualified private and local government owners to plant trees and improve management of forestlands for timber production a...
Minnesota Sustainable Forest Incentive Act
In 2001, the Minnesota Legislature created an incentive program that annually pays enrolled landowners $7 per acre of forested land to offset property taxes. Known as the sustainable forest incentive ...
Oregon forestry offsets
Oregon does not have a market-based emissions reduction program, but the state has authorized forest carbon offsets. Oregon permits the state forester to develop contracts with non-federal forest land...
Vermont Use Value Appraisal Program
In Vermont, property taxes for forest lands are based on the value of the land in its current use, rather than market value. This method allows for valuation of forestland based on the actual use of t...
Model Law on Tree Planting Incentives
The Chancery Lane Project, a collaborative effort of UK lawyers to develop new contracts and model laws to help fight climate change, has published a model law creating a long-term government incentiv...
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