13 June 2014
The Forestland Group, a leader in timberland investment and management, and Blue Source today announced the successful issuance of over 1.7 million forest carbon offsets into California’s cap and trade carbon market. Situated on over 220,000 acres in Michigan, the Blue Source Bishop Improved Forest Management project utilizes the compliance offset protocol and is the largest carbon project registered to date under California’s program.
The project will immediately deliver significant carbon revenues to The Forestland Group through pre-contracted sales made by Blue Source to companies that participate in California’s cap and trade program. Blue Source also provided all project financing and development services, from carbon inventory and modeling to third party verification support, registration and marketing.
Read more from Blue Source here.