Climate Change Newsletter: Issue 4 — US: California Air Resources Board approves first forest carbon offset project
The California Air Resources Board (ARB) has issued its first-ever approval of a forest carbon offset project under the state’s cap-and-trade forestry offset protocol.
The project is particularly noteworthy because it is being implemented on 8,000 acres of land within the Yurok Indian Reservation. Indian tribes control significant forestry resources across the US, and there is significant interest in carbon offset project development in Indian Country.
The Yurok project is likely to be the first of many tribal proposals to reach the ARB…
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Briefings from Dentons
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