Financial Soultions: Massive new carbon/forest initiative in south U.S.

Oct. 12, 2009 - PRLog -- Preserving forests in the U.S. south and maintaining tropical rain forests with creating carbon offsets as the goal, doesn’t seem an unlikely program, as announced this week, until you take a closer look at the participants. Financial Soultions investigates.

An unlikely union between Dogwood Alliance, an environmentalist group and former rivals Staples and Home Depot, home improvement retailers, has been announced, with an initiative to create a carbon canopy capable of producing marketable carbon credits.

While the U.S. government still appears to be unable to commit to any form of concrete climate change policy, even with the climate change talks in Copenhagen looming in December, business and industry both in the U.S. and globally seem to see that a carbon credit exchange program is inevitable, and are preparing for this eventuality, Financial Soultions research is indicating.

Under the new partnership, Southern tree farmers who subscribe to the Forest Councils Standards will be awarded carbon offset credits, a marketable commodity on the Chicago or N.Y. climate exchanges. Ninety percent of these Southern forests are privately owned, and a part of the largest wood and paper producing area globally.


Prior to this new alliance, farming practice was to clear cut the lumber and replant with rapid growing pine, less environmentally friendly than the indigenous canopy. Financial Soultions understands that carbon credits will now be awarded to those who do not clear cut and replant with pine but rather selectively cut.

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