Credit development encompasses enhancement and/or restoration of habitat, quantification of credits that will be generated by the project, development of a management plan, securement 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 transferred credits, credits available for sale and credits in development as of December 2017 by credit development phase.
*Anticipated credits have been roughly estimated.
Available credits are the result of credit projects that have:
- Enhanced/restored and committed to protect high quality greater sage grouse (GRSG) habitat for at least 30 years.
- 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.
Credits currently available for sale on the open market or available for transfer are shown in Table 1. To establish contact with these credit project proponents regarding the available credits, please contact the SETT.
Table 1. Projects with available credits, the credit amount for sale or transfer, and relevant location information.
* 2,514 of the overall 4,177 Tumbling JR Ranch project credits were set up for transfer on 11/9/2017 leaving 1,663 project credits available.
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 recieved a formal Quality Assurance Review by the Sagebrush Ecosystem Technical Team.
Projects anticipated to soon have available credits are shown in Table 2. To establish contact with these credit project proponents regarding the anticipated credits, please contact the SETT.
Table 2. Projects soon to have available credits, the anticipated credits if determined and likely date of credit availability, and relevant location information.
CREDIT PROJECT LOCATIONS
Figure 1. The locations of credit projects with available and anticipated credits are shown as well as the Western Assocation of Fish and Wildlife Agencies (WAFWA) zones and Nevada Counties.
If you anticipate purchasing credits to offset an anthropogenic disturbance, please review the significance of these boundaries to GRSG populations as well as the Proximity Ratio in the CCS Manual.
If you are interested in the credit development process, refer to the How to Develop Credits page for more information.
The quantity of anticipated credits predicted to be available within the next 12 months is reported below.