23 October 2013
Finite Carbon and Norfolk Southern Corporation (NYSE: NSC) today announced the successful development and registration of the Brosnan Forest Improved Forest Management carbon project. The project meets the Climate Action Reserve's forest project protocol and resulted in more than 282,000 eligible carbon offset credits at initial registration. The project is being transitioned as an early action project for the California Air Resources Board greenhouse gas emissions trading program.
Carbon offset credits are issued for projects that significantly reduce greenhouse gas emissions. Each credit represents one metric ton of carbon dioxide-equivalents avoided by the natural process of trees absorbing carbon dioxide. The credits can be sold to companies or individuals interested in offsetting their emissions. Proceeds from the eventual sale of the carbon credits may be used to further promote the sustainable management and conservation of wildlife and forestry resources at Brosnan Forest.
Read more from the Wall Street Journal here.