The aim of land reclamation and re-forestation at that time was the reinstatement of land quality, the reduction of disturbance to vegetated areas and the prevention of soil erosion and vegetation destruction.
Landsvirkjun has worked in cooperation with the Iceland Forest service and the Soil Conservation Society of Iceland on carbon sequestration projects since 2011 to counter the Company’s emissions.
Carbon sequestration in vegetation and soil significantly reduces greenhouse gas concentrations in the atmosphere as vegetation and organic matter in soil binds carbon via processes such as photosynthesis.
These areas cover a total of 1,500 hectares and their projected carbon capture capability is approx. 9,000 tons of carbon dioxide a year.
Forestry projects carried out in a 54 hectare area on the Laxaborg Farm in Dalir and Belgsá in Fnjóskadalur were completed in 2015 and a new project began in a 500 hectare forest area in Skarfanes in Landsveit in 2015. A land reclamation project was also completed on a 130 hectare area in Bolholt in Rangarþing ytra and another project was continued on a 650 hectare area by Kot and Steinkross in Rangárvellir. Land reclamation projects on a 300 hectare area in Þeistareykir in the Northeast of Iceland are also imminent.
Landsvirkjun is also active in the cooperative project “Many Hands Lighten the Load” where young adults working in Landsvirkjun‘s summer work projects can contribute to various projects. Over 55 thousand plants were planted as a result of the project. Cooperative carbon sequestration measures are not included in Landsvirkjun’s carbon accounts as the projects are not directly executed for Landsvirkjun itself.