The project encompasses 5,550 acres of Douglas-Fir and mixed hardwood forest on the Round Valley Indian Tribes’ reservation in Northern California. By registering the Improved Forest Management project and selling carbon offsets in the California cap and trade system, the Round Valley Indian Tribes have made a commitment to maintain current forest carbon stocks and to manage the forest for both increased carbon sequestration and sustainable timber production.
Through its Forest Carbon Partners, L.P. investment fund, forestry investment manager New Forests has provided offset project finance and managed all aspects of project development and offset credit sales for the project. The Round Valley Indian Tribes project is one of ten forest carbon offset projects registered or currently under development by New Forests’ Forest Carbon Partners fund for the California carbon market.
“We are proud that the Round Valley Indian Tribes chose to work with New Forests to finance, develop, and register their first forest carbon project,” said Brian Shillinglaw, Associate Director, New Forests Inc. “With the first California-compliant forest carbon project on Native American trust land, the Round Valley Indian Tribes are leaders in accessing the California carbon market to finance forest stewardship and economic development. With the success of this project, New Forests has registered more projects than any other company under the California compliance forest carbon offset protocol, and we are the only company to successfully register such projects to date for Native American clients on fee or trust land.”