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In the Northwest, owners of Forest Stewardship Council-certified private forests now have financial incentive not to develop or harvest their land. For many, the program developed by Port Townsend-based nonprofit Northwest Natural Resource Group (NNRG) called Northwest Neutral will be their first return on investment.
The program establishes value for private forest owners to maintain healthy forests by creating a market for carbon credits associated with their existing forests. Seattle-based Ecohausa green building products retailerpurchased the programs first credits in March.
Existing forests are the most valuable type of carbon sequestration, according to Ian Hanna, director of NNRGs Northwest Certified Forestry Program. About two-thirds of the sequestered carbon is emitted when a forest is harvested, he says. Selling credits for this sequestered carbon makes the forest into a liquid asset for its owner without it being harvested or developed.
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