Innovative deal sees permanent retirement of coal reserves while securing long-term income for Chugach community via forest carbon market

Innovative deal sees permanent retirement of coal reserves while securing long-term income for Chugach community via forest carbon market

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...

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Associated Press Article - "Alaska Natives to protect land for California carbon program"

 

Berea College Forest Begins First College Carbon Offset Project; Links With New Forests for California Carbon Market

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.

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State, tribe reach multimillion-dollar deal on carbon offset credits

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.

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Round Valley First Forest Carbon Offset Project on Native Trust Land for California

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.

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Press Release — Round Valley Indian Tribes New Forests announce carbon pr...

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.

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Getting paid to not cut timber

If a tree is not felled in a forest, does it make a sound financial decision? The Yurok Tribe apparently thinks so, as the sovereign nation based in Klamath recently registered a project with the state of California committing the tribe to manage rather than cut 7,660 acres of tribal timber land near the Lower Klamath River for increased carbon sequestration and sustainable timber management.

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How California’s Climate Policy is Saving the Forest and Preserving a Way of Life

EDF’s Innovators Series profiles companies and people across California with bold solutions to reduce carbon pollution and help the state meet the goals of AB 32. Each addition to the series will profile a different solution, focused on the development of new technologies and ideas.

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Hanes Ranch Press Release

New Forests Registers Forest Carbon Offset Project at Hanes Ranch in Mendocino County, California.

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California's Forest Offset Protocol

In November 2013, the Air Resources Board issued the first carbon credits under its cap-and-trade Forest Offset Protocol. These credits protect forests through better management while offering forest property owners revenue, and helping businesses reduce carbon dioxide emissions under California's greenhouse gas reduction program.

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Press Release — Yurok Tribe announce regulatory project Approval

KLAMATH AND SAN FRANCISCO, CALIFORNIA (April 10, 2014) – New Forests and the Yurok Tribe announced today the regulatory approval of the first forest carbon offset project developed under the California Compliance Offset Protocol – U.S. Forest Projects, a standard adopted by the California Air Resources Board for use in the California cap and trade program. The California Air Resources Board (“ARB”) approved issuance of over 836,000 ARB offset credits to the Yurok Tribe/Forest Carbon Partners CKGG Improved Forest Management project. ARB offset credits can be used for compliance in the California greenhouse gas cap and trade program. The project’s registration is a significant milestone in the development of the offset market in the California cap and trade system.

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Air Resources Board approves first cap-and-trade forestry compliance offset project in California

The Air Resources Board today announced approval of the first California forest carbon offset project under the state’s cap-and-trade forestry offset protocol.

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