Carbon markets and the opportunities for private woodlot owners and land trusts interested in the potential of establishing forest carbon offsetting and long-term sustainable management of forests for carbon are evolving. We see government policy playing a major role, in this evolution, in North America.
In the US, over the past decade, California and its climate change policy has really driven the development of the forest carbon offsetting industry. To date 60 million tonnes of offsets have been issued by the California Air Resources Board worth more than $500 million USD.
With a federally imposed deadline of September 2018, requiring provinces to implement a price on carbon quickly approaching, the NBCLT has been looking into what forest carbon offset opportunities exist in New Brunswick. To learn about our findings, read our latest Forest Carbon Report, February 2018 Issue.