For decades, Lock Haven, Pa., has secured its municipal water supply from 5,200 acres of city-owned forest in northern Pennsylvania’s Appalachian Mountains. In the past, the city kept its water rates down by logging hemlock, hardwoods and other timber from the property.
UN emissions credits sink to record low as demand wilts
United Nations Certified Emission Reductions dropped to their lowest ever as German power for 2013 fell to a record amid Europe’s continued debt crisis.
The U.N. has issued carbon credits to a reforestation project in Ethiopia, the second time tree planting has received emission reductions. The project in the village of Humbo, Ethiopia, which was approved by the U.N.
Investment in UN's carbon scheme to 'dry up' as prices plunge
UN carbon credits could be worth just 50 euro cents by the end of the decade due to a huge oversupply of allowances, hitting investment in its Clean Development Mechanism (CDM), analysts Thomson Reuters Point Carbon warned yesterday.
Forest project issued CO2 credits for California market
Project developer Finite Carbon announced Wednesday it has registered a project that has issued 200,000 offsets eligible for use in California's cap-and-trade system, bolstering the currently short supply of credits available in the forthcoming market.
Kyoto carbon credit glut is far larger than expected, warn analysts
The giant surplus of carbon credits currently swamping the global carbon market may never recede, removing any hope of reducing global emissions without a significant increase in national emission reduction targets, campaigners will warn today.
Brazil's Boa Vista Forest Carbon Offset Project Earns Verification from SCS
SCS Global Services has verified the Brazilian Boa Vista Afforestation/Reforestation carbon offset project under the American Carbon Registry (ACR) Standard. The project sequesters greenhouse gases (GHG) by planting and managing fast-growing Acacia mangium Willd.
Origin Energy has quit $133 million worth of options for forestry projects in Australia amid fears that the price of carbon will plunge, according to The Australian Financial Review.
