The Climate Trust announced the receipt of the first-ever California Carbon Offsets (CCOs) from an Avoided Forest Conversion project. The Green Assets-Middleton Place project conserves more than 3,700 acres of pristine southern coastal habitat near Charleston, S.C. The Climate Trust purchased 243,375 carbon credits.
ByLesprom Network
May 13, 2015. /Lesprom Network/. The Climate Trust announced the receipt of the first-ever California
Carbon Offsets (CCOs) from an Avoided Forest Conversion project. The Green
Assets-Middleton Place project conserves more than
3,700 acres of pristine southern coastal habitat near Charleston, S.C. The Climate Trust
purchased 243,375 carbon credits from the project’s owner Middleton Place. This is
equivalent to the annual electricity use of over 65% of the households in the
city of Charleston, as the company says
in the press release received by Lesprom Network.
Avoided Conversion projects prevent forestland from being converted to
non-forestland use by dedicating the property to continuous forest cover.
Additionally, Middleton Place makes a concerted
effort to manage its forest resources for sustainability and the provision of
critical habitat for a diversity of wildlife.
“The Climate Trust is pleased to engage in the California compliance market
and purchase credits from a highly-esteemed project that achieves such
significant greenhouse gas emissions reductions,” said Dick Kempka, chief
commercial officer for The Climate Trust. “This Avoided Forest Conversion
project also generates considerable societal co-benefits by preserving flora
and fauna, and allowing for recreational opportunities such as fishing, hiking,
kayaking and horseback riding.”
The Climate Trust is a mission-driven nonprofit organization specializes
in financing climate solutions.
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