First Chinese Forest Project Seeks Local Carbon Cash

17 December 2013

A Chinese forestry firm has applied to receive offset credits under the nation's nascent carbon market, the first to target domestic emissions trading schemes to fund reforestation projects.

Plantation firm Cuifeng said it could store 18,000 tonnes of carbon dioxide a year over two decades in trees by planting 867 hectares of new forest across nine counties in Guangdong province.

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