Hawaii Carbon Dioxide Storage Lease (with Landowner)

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Multi-State
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US-OG-952
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This form is a carbon dioxide storage lease with landowner.
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FAQ

Carbon dioxide is Earth's most important greenhouse gas: a gas that absorbs and radiates heat. Unlike oxygen or nitrogen (which make up most of our atmosphere), greenhouse gases absorb heat radiating from the Earth's surface and re-release it in all directions?including back toward Earth's surface.

Depending on how you sequester the carbon, you might earn anywhere from . 25 to 2 offsets per acre. If your 1,000-acre wheat farm removes 1 tonne per acre, that is 1,000 carbon credits?and $15,000 profit annually.

Agricultural soils, at least in Eastern North America, can store about 8 tons of carbon per acre (at a depth of 10 inches) for each 1 percent increase in soil organic matter. So if a farmer has a field of soil at 1 percent organic matter and increases that to 2 percent, he is storing 8 tons of carbon per acre.

One acre of forest can absorb 4.5 to 40.7 tons of carbon dioxide and produce four tons of oxygen. The capture is enough to offset the annual carbon emissions produced by driving your car 26,000 miles.

Electricity production (25% of 2021 greenhouse gas emissions) ? Electric power generates the second largest share of greenhouse gas emissions and includes emissions from electricity production used by other end use sectors (e.g., industry).

100,000 pounds carbon per acre ÷ 45 years = 2,222 pounds of carbon per acre per year. In other words, a carbon project that includes slash pine forests will sequester an average of 2,222 pounds of carbon per acre per year.

Landowners can participate in a carbon lease through carbon sequestration that is stored in the soil or through trees on the property. This is known as carbon offsets or carbon sequestration. Landowners can also lease their previously drilled wells to store carbon underground.

The CO2 storage capacity of hydrocarbon (oil, gas and coal) reservoirs is estimated to be around 800 gigatonnes of CO2. The world's deep saline formations may have a much greater storage capacity than depleted oil and gas fields, although more work needs to be done to assess their full potential for CO2 storage.

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Hawaii Carbon Dioxide Storage Lease (with Landowner)