Section 38.95.499 - DefinitionsIn AS 38.95.400 - 38.95.499, unless the context requires otherwise,
(1) "additionality" means the reduction in greenhouse gas emissions or increase in carbon storage represented by a carbon offset project that is in addition to the baseline; (2) "baseline" means the anticipated amount of carbon sequestration that would occur in the absence of a carbon offset project; (3) "carbon offset credit" means a transferrable instrument that represents an emission reduction of one metric ton of carbon dioxide or other greenhouse gases; (4) "carbon offset project" includes seaweed farming, afforestation, reforestation, and similar land and resource management measures that mitigate greenhouse gases by maintaining or increasing the carbon stock on state land; (5) "commissioner" means the commissioner of natural resources; (6) "department" means the Department of Natural Resources; (7) "director" means the director of the division of lands; (8) "greenhouse gas" includes carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride, and other gases that trap and emit radiant energy in the earth's atmosphere; (9) "project term" means the duration of the commitment made by the department for a carbon offset project, ending when the state has no continuing obligation related to the project; (10) "registry" means an organization or program that registers and issues carbon offset credits for carbon offset projects; (11) "shoreland" means land belonging to the state that is covered by nontidal water and is navigable under the laws of the United States up to ordinary high water mark as modified by accretion, erosion, or reliction; (12) "state land" means all land, including shoreland, tideland, and submerged land, or resources belonging to or acquired by the state; (13) "submerged land" means land that is covered by tidal water between the line of mean low water and seaward to a distance of three geographical miles or farther as may be properly claimed by the state; (14) "tideland" means land that is periodically covered by tidal water between the elevation of mean high water and mean low water.Added by SLA 2023, ch. 2,sec. 8, eff. 5/24/2023.