21 November 2013
A Domtar-supported cash-for-carbon exchange developed by Asheville, N.C.,-based Dogwood Alliance and office-supply giant Staples, Inc., has resulted in the first sales of carbon offsets by forest landowners in two Southern states.
Called Carbon Canopy, this first-of-its-kind exchange was created to encourage sustainable development of the nation’s forests. It is designed to deliver the following outcomes: landowners receive revenue for their carbon, but also agree to follow Forest Stewardship Council (FSC) sustainable forestry practices; forest-product companies agree to purchase sustainably harvested timber from Carbon Canopy landowners; and corporate partners purchase the related carbon assets, which reduce their energy footprints and support a marketplace that promotes forest conservation.
The first two sales contracts involve the owners of 14,000 acres of FSC-certified forest in Western North Carolina and Southwestern Virginia, and will create more than 100,000 metric tons of carbon offsets in their first year.
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