Feb 26 2008

ClimateSmart Announces First Investments

Posted by: Keely Wachs

PG&E today announced the largest investments in verifiable greenhouse gas emission reductions under California's rigorous forest carbon sequestration protocols.

With these purchases, PG&E's ClimateSmart program will purchase 214,000 metric tons of greenhouse gas emissions from two of California's most pristine forests - the North Coast's Garcia River Forest and Santa Cruz County's Lompico Headwaters Forest.

PG&E's 17,800 ClimateSmart customers now know exactly what types of projects will help neutralize the greenhouse gas emissions resulting from their energy use. 

These agreements also mark a significant milestone in the evolution of voluntary carbon offsets as a way to help address the challenges associated with climate change.

The size of these purchases and the fact that they meet the stringent protocols established by the California Climate Action Registry serve as a model for how carbon offsets can be used as an effective tool to combat climate change. 

When done correctly - that is to say when they are verifiable and additional - carbon offsets are increasingly becoming an option for the California Air Resources Board and other government bodies who are creating ghg reduction policies.

 

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