Carbon credits used to purchase Buckeye Forest
From the article Part 2: Sonoma County Forests: Past, Present and Future by Arthur Dawson.
“The 18,000-acre Buckeye Forest in the northwest county, one of the largest nonprofit-owned working forests in the West, is an example. Mostly second-growth redwoods, its purchase by the Conservation Fund in 2013 was supported by funding from the open space district, the Sonoma Land Trust, the Coastal Conservancy and other partners.
Ultimately, what made the purchase possible were credits for the 40,000 tons of carbon Buckeye Forest captures annually (equivalent to 2,500 fossil-fueled cars). As a source of income worth many millions of dollars, these credits are being sold to industries needing emissions offsets under California’s Cap and Trade program.”