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Duke Energy Corp. says it is the lead investor in a program that plans to reforest 1 million acres in seven lower Mississippi Valley states to produce offsets for carbon emissions.
Duke says its initial investment will result in the planting of more than 1 million trees on 1,700 acres in Arkansas.
The program, called GreenTrees, is managed by Virginia-based C2I. It will plant 302 hardwood and 302 cottonwood trees on each acre it reforests. The carbon absorbed by the trees can be calculated and used to offset the amount of carbon that utilities and other industries produce.
The use of such offsets is encouraged in the carbon-control proposal now working its way through the U.S. Congress. And Charlotte-based Duke (NYSE:DUK) is preparing for the day when such legislation takes effect.
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