15 January 2015
WILMINGTON, N.C.| Green Assets, Inc., a leading forest carbon offset developer, has been awarded carbon offset credits for its forest conservation project of more than 4,400 acres of land owned and managed by world-renowned Brookgreen Gardens in South Carolina.
The project represents South Carolina’s first carbon credits to be issued through the California Air Resources Board (ARB) compliance offset program for U.S. forests. ARB offset credits are issued to projects that meet specific requirements and represent verified greenhouse gas (GHG) emission reductions or removal enhancements. Carbon credits are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases. One carbon credit is equal to one ton of carbon dioxide removed from the atmosphere.
This initial issuance of credits by the Air Resources Board amounts to 162,551 carbon credits. Using the EPA’s Greenhouse Gas Equivalencies Calculator, these credits offset the emissions of more than 34,000 cars over a year’s time.
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