The Oregon Department of State Lands signed an agreement Thursday with the company Anew Climate to put the first state forest in the West into a carbon market
Alex Baumhardt, Oregon Capital Chronicle, October 31st 2024
Oregon is one step closer to using a state forest to help capture and store more planet-warming greenhouse gases, and to fight climate change and earn money through the carbon market.
Leaders at the Department of State Lands signed a development agreement Thursday to enter all of the nearly 83,000-acre Elliott State Forest near Coos Bay into the voluntary carbon market for 40 years. The project will be managed by the carbon brokerage and development company Anew Climate, with offices in Houston, Texas, Salt Lake City, Utah and Calgary, Canada.
It’s the first such agreement on state-owned lands in the western United States, according to the state lands department. Michigan is the only other state that has entire state-managed forests generating credits for the carbon markets, with two of its state forests listed in the American Carbon Registry, the first voluntary greenhouse gas registry in the world that monitors projects and issues carbon credits. Those projects were developed by Anew Climate.
