California issues 608,000 carbon offset credits

9 April 2015

The California Air Resources Board (ARB) issued 608,000 offset credits to four developers across seven projects yesterday.

The majority of the credits went to a US forestry project operated by Mattamsuskeet Ventures, which was awarded about 394,000t credits. Another 104,000t from the project was credited to the forest buffer account, used to hedge against potential project reversals that result from events such as a forest fire.

The project received credits from its 2010-2012 reporting years, but it has another verification on file for 2013 with the Climate Action Reserve that indicates another 68,000t are likely coming for the project's proponent. The project is an avoided conversion project that protects 2,500 acres of forest in Hyde County, North Carolina.

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