What’s it about in short: arti­cle on car­bon off­sets from avoided for­est con­ver­sion and sus­tain­able for­est management

When was it released: April 23, 2015

By whom: Kasey Krifka, Triple Pundit

More info: http://www.triplepundit.com/2015/04/purchase-first-avoided-forest-conversion-offsets-california-market/

Short extract:

The Cli­mate Trust, a mission-driven non­profit that spe­cial­izes in financ­ing cli­mate solu­tions, has received the first Cal­i­for­nia car­bon off­sets (CCOs) from an Avoided For­est Con­ver­sion project. The Green Assets-Middleton Place project con­serves more than 3,700 acres of pris­tine south­ern coastal habi­tat near Charleston, South Car­olina, and pre­vents it from being con­verted to non-forest land uses. […]

Avoided Con­ver­sion projects pre­vent forest­land from being con­verted to non-forestland use by ded­i­cat­ing the prop­erty to con­tin­u­ous for­est cover. Addi­tion­ally, Mid­dle­ton Place makes a con­certed effort to man­age its for­est resources for sus­tain­abil­ity and the pro­vi­sion of crit­i­cal habi­tat for a diver­sity of wildlife. […]

“We are proud to trans­act on a project that mar­ries con­ser­va­tion, a mar­ket based return, and envi­ron­men­tal mar­kets so sig­nif­i­cantly,” said Sean Pen­rith, exec­u­tive direc­tor for the Cli­mate Trust. “This acqui­si­tion reflects our con­tin­ual desire to put a price on our cli­mate and its nat­ural resources, as we posi­tion our­selves as an invest­ment fund designed to finance envi­ron­men­tal cred­its across North America.”