Credit Projects

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 current data on transferred credits, credits available for sale and credits in development by credit development phase.

*Anticipated credits have been roughly estimated.


Transferred Credits

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 greater 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.  

The Tumbling JR Ranch credit project is the 1st project to have transferred 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.  Remaining for future offsets are 1,663 additional credits.  Despite only having transferred a portion of the credits associated with the project, Tumbling JR Ranch has committed to protect/enhance/restore the entire project area for a 30 year term as detailed within the CCS management plan under implementation.  This transaction was unique in that the Tumbling JR Ranch and Bald Mountain Mine are both owned by Kinross Gold.  More transactions are expected in the near future.

 

Available Credits

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.    

Credits currently available for sale on the open market or available for transfer are shown in the table below.  

* 2,514 of the overall 4,177 Tumbling JR Ranch project credits were set up for transfer in 2017 leaving 1,663 project credits available.

 

Anticipated 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.


Projects anticipated to soon have available credits are shown in the table below.

 

 

Credit Project Locations

The figure above shows the locations of credit projects that have transferred credits, have available credits, or are anticipated to soon have credits as well as the Western Association of Fish and Wildlife Agencies (WAFWA) zones and Nevada Counties.

 

- 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.      

- If you are interested in the credit development process, refer to the Get Involved in the Program page for more information.