NW company becomes first to utilize carbon credits

In a recent transaction in the Pacific Northwest, Jefferson Land Trust sold 400 metric tons of timber resources.  What makes the deal remarkable is that it didn’t sell any wood—instead the sale was for the carbon stored in the trees.  It was the first direct purchase of carbon credits by a Pacific Northwest company and the first on the North Olympic Peninsula.  Shorebank Enterprise Cascadia, a non-profit financial institution that promotes economic opportunity and a healthy environment, purchased the carbon from the land trust.  In return, the company offsets three years of its carbon dioxide emissions.

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Posted on January 7, 2010 · in USA

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