The two companies are working in partnership to commercialize carbon credits from forestry projects.
The forest asset management company Solifor and the consulting firm NEL-i are joining forces to promote the carbon sequestration potential, the maintenance of biodiversity and other environmental benefits of the Monet Forest Conservation Project, the first forestry project in Quebec to generate carbon credits certified by VERRA’s Verified Carbon Standards (VCS) program.
No harvesting activities will be allowed to take place on this impressive 106 km2 forest massif located in Abitibi for a period of 60 years or more. “The carbon captured by the growth of the trees in this forest will contribute to the fight against climate change and to the achievement of the carbon footprint reduction objectives of several organizations. Our strong commitment to sustainable management of our 2100 km2 of forest properties has allowed us to introduce this innovative activity to our portfolio of properties and make high quality carbon credits available in the Northeast. The value of the credits from the Monet Project will ultimately contribute to the performance of our business, complementing the value of merchantable timber from our other properties. The carbon market is developing and Solifor is ready to participate” says André Gravel, CEO of Solifor. With its strategic positioning in the carbon markets, NEL-i will play a key role in the development of the benefits of this project. “Solifor appreciates the partnership with a Quebec firm for the commercialization of high quality credits. Our common visions and values allow us to maximize the benefits for the climate, nature and communities here in Quebec,” said Mr. Gravel.
This project joins a varied list of Quebec, Canadian and international projects offered by NEL-i. These credits are made available to companies with a serious decarbonization plan, and willing to offset a portion of their carbon footprint. NEL-i strives to promote best practices in climate governance, decarbonization, offsetting and communication on the subject. “Our clients want to achieve carbon neutrality. It’s a huge challenge with technological, operational and financial challenges that require careful planning. Our Climate Action Plans include an offset strategy with a long-term vision necessary to achieve carbon neutrality. The credits from this project, and our partner’s future projects, can be part of that strategy,” said David Beaudoin, President of NEL-i.
About Solifor
Created in 2005, under the initiative of the Solidarity Fund QFL, Solifor Forest Asset Management is a company that manages private forest properties in a sustainable manner. It is one of the largest forest owners in Quebec.
About NEL-i
NEL-i is a strategic consulting and project development firm working specifically on the fight against climate change. Its technical, commercial and financial expertise is used to develop decarbonation plans for developers of climate solutions.
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