Jeff Kart writes in Forbes about the nation’s first carbon offset program on state forest land.
- Michigan’s largest energy provider, DTE, and the Michigan Department of Natural Resources have reached a 10 year agreement in which DTE will buy all of the carbon credits generated from the Pigeon River Country State Forest.
- The revenue from the purchase of the offsets, which is an estimated $10 million, will go to Michigan’s Forest Development and Fish and Games fund and will pay for conservation and wildlife habitat improvement projects.
- While carbon offsets can be complicated and have their set of pitfalls, this collaboration highlights the importance of nature in addressing climate change.
“The Michigan Department of Natural Resources and DTE Energy, the largest energy company in the state, have inked an agreement to use the 109,000-acre Pigeon River Country State Forest for the pilot project. The plan will help DTE reduce its carbon footprint and add an estimated $10 million in revenue to natural resources management, state officials say.”
Read the full article here.