Downeast land trust scores $1M in carbon offset funds
The Downeast Lakes Land Trust will get more than $1 million through a carbon cap-and-trade program in California, which the Washington County land trust plans to use to buy nearly 22,000 woodland acres.
The Bangor Daily News reported the land trust’s 19,000-acre Farm Cove Community Forest generated the carbon offsets, which California carbon emitters can use to meet a portion of the cap on their emissions. The two emitters providing the offsets to the Maine land trust were not identified.
The state last year bought a conservation easement on the property, which is owned by Lyme Timber Co. of Hanover, N.H. At that time, the land trust had worked out a three-year option to buy the property outright from the company.
The forest project was one of just two forest offset projects included in the California board’s first listing of compliance offset projects.
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