The Carbon Bank is an international climate protection project represented by the Landesbeirat Holz NRW (Advisory board for timber of North Rhine-Westphalia) since 2009. The Carbon Bank currently operates in Germany and Switzerland. The Allianz Landesbeiräte Holz is the project's official representative in Germany, while the Verband für geprüfte Qualitätshäuser adopts the same role in Switzerland. The project aims to use PR activities on the subject of carbon binding to highlight the valuable contribution that forestry and wood make to climate protection. The goal is to get politics and business to recognize the role this process plays in climate protection.
For this purpose, a database is used to document the quality and quantity of the reduction in the atmospheric greenhouse gas carbon dioxide (CO2) brought about by the buildings and services of the forestry and wood industries.
Since May 2010, the Carbon Bank has had a dedicated forest for research. An area of around 5 hectares is located in the temperate climate zone in close proximity to one of the weather stations of Deutscher Wetterdienst (German Meteorological Service) on the Kahler Asten mountain, North Rhine-Westphalia. A wooded area of around 7 hectares in the tropical climate zone in Iloilo in the Philippines was added in July 2010.
The project achieved its first step on the path to success in March 2011, when Switzerland revised its CO2 law to create a legal foundation for the sink effect of wooden constructions on CO2.