A groundbreaking new deal was announced today that has secured the sale and permanent retirement of an Alaskan coal field, while also ensuring long-term income for an Alaskan Native community.
The deal will see the Chugach Alaska Corporation (Chugach) sell its Bering River coal rights to New Forests, a sustainable forestry and conservation investment manager. New Forests will retire those rights by transferring them to The Nature Conservancy and the local Native Conservancy land trust, while generating revenue through the California cap-and-trade carbon market.
The transaction illustrates how land can be managed in a way that yields both financial and environmental benefits. It also provides an investment model that shows how conservation finance can create new opportunities for landowners, investors and non-profit partners seeking to balance long-term land stewardship and development...
Demonstrating Berea College’s long-standing commitment to sustainability, Berea College and New Forests announced today the successful listing of the Berea College Forest Carbon Project with California’s Climate Action Reserve Program. Through the Berea College Improved Forest Management Project, carbon offset credits can be used for compliance in the Air Resources Board of California’s greenhouse gas cap and trade program.
A nearly 5,600-acre swath of tribal forest land in remote, northeastern Mendocino County will be contributing to California’s effort to reduce greenhouse gases while generating revenue for the Round Valley Indian Tribes under a new agreement with state officials.
The discussions of climate change and carbon footprints are important subjects within Indian country, and on February 24 the Round Valley Indian Tribes became a part of history as far as carbon emissions goes.
The Round Valley Indian Tribes and New Forests announced today the regulatory approval of the first forest carbon offset project developed on Native American trust land for the California carbon market.