New Forests and Round Valley Indian Tribes register first forest carbon offset project

März 19, 2015
Mar 20, 2015. /Lesprom Network/. The Round Valley Indian Tribes and New Forests announced the regulatory approval of the first forest carbon offset project developed on Native American trust land for the California carbon market. The California Air Resources Board (“ARB”) approved issuance of over 540,000 ARB offset credits to the Round Valley Indian Tribes Improved Forest Management Project in February 2015. ARB offset credits can be used for compliance in the California greenhouse gas cap and trade program, as the company said in the press release received by Lesprom Network.

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.”



Kommentare

Wie diese Sie benötigen, um sich zu registrieren.
geben Sie dazu Ihren Namen und die E-Mail-Adresse.
Name:
Nachname:
E-mail:
Geschlecht:
Wenn Sie bereits registriert
bitte tragen Sie Ihre Daten hier
Um Kommentare zu hinterlassen müssen Sie sich registrieren.
geben Sie dazu Ihre name und E-Mail-Adresse.
Name:
Nachname:
E-mail:
Geschlecht:
Wenn Sie bereits registriert
bitte tragen Sie Ihre Daten hier
Wir begrüßen Kommentare Voraus, dass die Geschichte durch entsprechende Stellungnahme und Daten. Wenn Sie eine Kommentar, dass Sie glauben, ist irrelevant oder ungeeignet sind, Sie können zu Kennzeichnen, an unsere Redaktion, indem Sie mit der Missbrauch melden links. Ansichten ausgedrückt in die Kommentare geben nicht die Meinung von Lesprom Netzwerk. Für weitere Informationen über unsere Kommentar-Richtlinien finden Sie unter: http://www.lesprom.com/legal/comment_policy/
Aufwärts