Monday 19 January 2015
A Californian forestry company has been rewarded with carbon credits for preserving a forest.
The 4000 acres of coastal habitat south east of Myrtle Beach, South Carolina has been given the carbon credits as part of a Government scheme.
More than 162,000 carbon credits have been awarded to the company. One carbon credit is equal to one tonne of carbon dioxide removed from the atmosphere.
It’s a partnership between carbon offset developer Green Assets and Brookgreen Gardens, who own the land and is the first one to receive the credits.
The California Air Resources Board is a compliance offset programme for U.S forests. The scheme issues offset credits to projects that meet emission reductions or improve efforts to reduce emissions.