Washington bill could allow Department of Natural Resources to sell carbon credits

By Courtney Flatt
Oregon Public Broadcasting
February 13, 2023
Category: Forestry
Region: United States, US West

In the eyes of the Washington State Department of Natural Resources, one big thing is missing from the state’s climate policies. Recent laws don’t allow the state agency to sell carbon credits. …Franz is pushing legislation that would add the state agency she leads to organizations that can freely sell carbon credits and create carbon offset projects. …[which] would save taxpayer dollars and generate money that would fund natural resource investments, like forest health and post-wildfire restoration projects, Franz said. …Those projects also could slow revenues for counties and ports that rely on working forests, said Doug Cooper,VP at Hampton Lumber, at the bill’s public hearing on Friday. The problem with the legislation’s wording, industry foresters said, is it doesn’t account for all the downstream revenues working forests provide. …However, Franz countered that carbon offset projects, such as reforestation and restoration efforts, could expand working forest land.

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