A group of timber and paper supply companies and environmental organizations announced Thursday a pilot project to allow landowners who selectively log their forests to earn carbon credits they can trade on the open market. Such a trading system is part of legislation before Congress that would cap greenhouse gases nationwide.
A coalition that includes Staples, Home Depot and the Dogwood Alliance, an environmental advocacy organization that once crusaded against Staples, said it aims to test how landowners in the U.S. South can receive economic benefits from expanding carbon stores in their working forests. Ninety percent of forests in the South, which ranks as the largest paper and wood-producing region in the world, is privately owned. Some farmers in the region still clear cut their forests, or convert them to pine plantations that are fast-growing but less environmentally beneficial.
