Pacific Forest Trust Announces Carbon Offset Deal
Natsource Asset Management bought 60,000 tons of carbon offsets on behalf of its clients from a private forest owner represented by Pacific Forest Trust.The transaction is the first commercial trade of certified emissions reductions under the Forest Protocols adopted last fall by the California Air Resources Board. The Forest Protocols are administered by the California Climate Action Registry.
The CO2 emissions reductions purchased by Natsource clients were created by PFT’s Van Eck Forest Project, in Humboldt County, CA, that uses the CO2 storage capabilities of a working redwood forest. Owned by the Fred M. van Eck Forest Foundation, the 2,200 acre forest is permanently protected by a conservation easement. It is managed by the Pacific Forest Trust to increase carbon stores, restore biodiversity and produce sustainable timber supplies.
Energy Manager News
- Clauses to Consider in Green Leases
- Bahama Yacht Club to Generate Power from Solid Waste
- Duke Energy, USF Launch Solar Battery Research Initiative
- Energy Storage Helps Hotel Reduce Demand Charges by 10%
- EU Smart Campus Pilot Achieves 30% Energy Savings
- Uline to Operate 130 GenDrive Fuel Cell Units from Plug Power
- Los Angeles Shopping Center Installs 504 kW Solar
- SustainCo Wins $575,000 Contract for Energy Management Controls