Iceland has put forward an ambitious action plan that will contribute to a reduction in greenhouse gas emissions and lay the foundation for the country's carbon neutrality by 2040. Among the measures planned for the next few years, is the promotion of forestry, the promotion of land reclamation, and the restoration of wetlands.
Yggdrasill Carbon (YGG) is a company that was founded in Egilsstaður in 2020 and works on climate projects in Iceland's nature that provide certified carbon credits. One certified carbon unit is created when one ton of carbon dioxide equivalent, which has been measured using approved methods and certified as such, is removed from the atmosphere or is prevented from entering the atmosphere. Our main focus has been on carbon sequestration in the forest, but alongside those projects we are working on the development of projects related to soil and wetland restoration.
All YGG projects undergo certification by an independent party. This process ensures that the carbon sequestration achieved through these projects matches the amount issued for carbon credits, making the process transparent and rigorous. Certification also involves extensive consultation, encourages critical thinking, prioritizes quality over quantity, and ensures that every step forward is guided by sustainability.
Certification standards require that projects create positive impacts beyond just climate benefits. The wider effects of our projects include increased job opportunities in rural areas and enhanced value creation that benefits society as a whole. Additionally, our projects contribute to land restoration, greater biodiversity on degraded land, and healthier, more nutrient-rich soils.