The development of credit projects encompasses enhancement and/or restoration of habitat, quantification of credits that will be generated by the project, development of a management plan, securing of financial assurances and signing a participant contract. After determination of available credits, the sale price of credits is based on market value and determined in private negotiations between landowners and mitigation buyers. When credits are sold, credits are transferred to fulfill a mitigation obligation, and landowners commit to achieving performance standards for the projects for at least a 30-year period. Landowners can continue agricultural and livestock operations compatible with greater sage-grouse habitat needs throughout the contract term.
The following figure contains data as of the beginning of 2019 on transferred credits, credits available for sale and credits in development by credit development phase.
*Anticipated credits have been roughly estimated.
Transferred credits are the result of credit projects that have:
- Sold or transferred credits to offset an anthropogenic disturbance on the landscape.
- Committed to protect/enhance/restore and monitor high quality sage-grouse (GRSG) habitat for at least a 30 year term through implementation of an approved CCS management plan.
- Assessed habitat function on the project site using the CCS Habitat Quantification Tool (HQT).
- Set aside Financial Assurances to ensure sufficient funds are available for the project to succeed.
In 2017, the Tumbling JR Ranch credit project became the 1st project to transfer credits to offset an anthropogenic disturbance through the NV CCS. 2,514 credits were transferred to Bald Mountain Mine in November of 2017 to offset the 1st Phase of Bald Mountain Mine operations. In 2018, the West IL Ranch became the 2nd credit project to commit to offset anthropogenic disturbance through the CCS, specifically for the Greater Phoenix Mine. 243 credits from the project were determined to be necessary to offset the planned mine disturbance. Additional credits remain for both projects for additional offsets. More transactions are expected in the near future.
Available credits are the result of credit projects that have:
- Preserved/enhanced/restored and willing to commit to protect high quality greater sage grouse (GRSG) habitat for at least 30 years upon sale of credits.
- Interest in selling credits to a mitigation buyer or transferring credits to offset a debit project and fulfilling the durability requirements of the Conservation Credit System (CCS).
And have worked with partners to:
- Quantify the habitat function on their project site using the CCS Habitat Quantification Tool (HQT) and verify the credits available for sale or transfer.
- Develop an approved management plan to be implemented upon sale or transfer of credits.
Projects anticipated to soon have available credits reflect credit projects that have high quality greater sage grouse (GRSG) habitat or plans to enhance/restore the project area to high quality habitat for GRSG as well as interest from the project proponent in selling credits to a mitigation buyer or transferring credits and enrolling in the CCS. Habitat measurements and efforts to utilize the HQT have already been completed for some but not all of these projects. Credit estimates are disclosed for projects already having completed the HQT process as well as having received a formal Quality Assurance Review by the Sagebrush Ecosystem Technical Team
The map and table below depict all credit projects as of the beginning of 2019 with awarded credits or currently committed to generate credits in the CCS. The numbers in the map are identified within the project names column in the table below.
The table above provides a detailed list of credit projects, the numbers that relate to the above map, and additional project information.
*Credits listed are credits transferred and used to offset debits for projects listed under Transferred Credits, and credits available for sale for projects listed under Available Credits. Reserve account contributions associated with transferred and required by credits not transferred are excluded from this table.
**Projects receiving state seed funding were dependent on varying amounts of match funding from the landowners. In some cases, landowners covered much of the cost associated with credit generation.
- To establish contact with these credit project proponents regarding the available or anticipated credits, please contact the SETT.
- If you anticipate purchasing credits to offset an anthropogenic disturbance, please review the information on the Proximity Ratio in the CCS Manual on the Program Documents page at the official Nevada Conservation Credit System website.
- If you are interested in the credit development process, refer to the Get Involved in the Program page at the official Nevada Conservation Credit System website for more information .