Inlandsis is the first Canadian fund—and one of a handful globally—that exclusively finances carbon emission reductions and removal projects. Inlandsis is active in multiple carbon markets, and low-carbon fuel standard programs in North America. Its growing portfolio includes over 40 projects. The 18 Reserves project maintains carbon stocks and finances restoration activities on 9,000 acres of forestland around Cleveland, Ohio. The carbon project is a subset of Cleveland Metropark’s 23,700 acres, which include over 300 miles of trails, eight lakefront parks, and a nationally acclaimed zoo. The project owner provides critical recreational and natural resource educational services to Cleveland residents. In the last three years, 19,000 recreation and nature education programs have served over 700,000 people from 48 diverse communities. Carbon revenues from this project will help managers prioritize ecosystem health to protect carbon stocks and provide outdoor access, education, and employment to community members. Verification will be completed annually. To date, offsets have been issued on ACR for 2020 and 2021 vintages and issuance of 2022 vintage offsets is expected by year end 2023. Furthermore:A strong timber market is local to the project’s mature hardwood trees and sawmill capacity is substantial. Timber harvest would generate significantly more revenue than the protection of carbon stocks (financial additionality).There are no legal restrictions limiting the project owner’s ability to harvest timber (legal additionality).Regional public forest managers routinely harvest timber consistent with the baseline scenario. Cleveland Metroparks conducted a timber harvest in 2018 (common practice)This project conservatively set aside 40% of acreage and carbon volumes in the baseline as no-harvest to recognize the importance of forest aesthetics to recreational forest users (beyond the baseline).Permanence is addressed through ongoing assessment of risk using the ACR Tool for Risk Analysis and Buffer Determination making contributions to the risk buffer pool at each verification event.