When preparing to complete a full inventory for a reforestation and afforestation project, project proponents need to consider how long it will take to conduct the inventory so that it is ready by the date their project offsets report is due.
A full inventory refers to one of two measurement processes available to reforestation and afforestation project proponents to estimate carbon stocks within a stratum, or carbon estimation area, as defined in Part 3 of the of the methodology determinations.
Conducting a full inventory can take several weeks or more, and the timing of an inventory will need to be built into a project's plan to help avoid missing a reporting deadline.
The following requirements for carrying out a full inventory in a stratum apply to projects using any of the three
Carbon Farming Initiative reforestation and afforestation methodology determinations:
To give effect to these requirements and to clarify the timing requirements for the full inventory and reporting process the following guidance is provided:
The period over which a full inventory is undertaken for a stratum should commence no earlier than 6 months before the end of the reporting period and finish no earlier than 6 months before the due date for the resulting offsets report.
This gives flexibility to the extent that a period of up to 12 months is provided for the completion of the full inventory and reporting process, where the due date of the offsets report does not exceed six months after the end of the reporting period.
In cases where a full inventory is required due to a fire event, the proponent may choose to report following this full inventory. Alternatively, they may prefer to report on a planned reporting cycle. This is acceptable as long as the requirements with respect to both full inventory relative to the fire event and full inventory relative to the reporting period and due date are satisfied.
Regardless of when the proponent chooses to report in such cases, the full inventory carried out with respect to the fire event must be used to calculate the fire emissions from the fire event.
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