If you own land that contains more carbon than the regional average, based on a survey of trees on your site, you can get credits for the difference. The Air Resources Board establishes the average amount of carbon per acre stored in a few forest types spanning large regions of the United States. While calculating the exact amount of carbon saved by preserving forests is complicated, California’s logic for awarding credits is relatively straightforward. Each extra ton of carbon emitted by industry is balanced out by an extra ton stored in the forest, allowing net emissions to stay within a cap set by the state.Īs of last fall, the program had produced some six dozen projects that had generated more than 130 million credits, worth $1.8 billion at recent prices. Landowners can sell the credits to major polluters in California, typically oil companies and other businesses that want to emit more carbon than otherwise allowed under state law. Each credit represents one metric ton of CO2. The offset program allows forest owners across the country to earn credits for taking care of their land in ways that store or absorb more carbon, such as reducing logging or thinning out smaller trees and brush to allow for increased overall growth. The California Air Resources Board Challenges Our Carbon Credits Investigations.
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