The Darkwoods Forest Carbon Project controversy continues to unravel, revealing essential documents and highlighting the role of government oversight in future carbon offset project developments. Meanwhile, California Governor Jerry Brown’s approval of the proposal to tie California’s cap-and-trade scheme to Quebec’s builds capacity for prospective linkages between project-level activities like REDD+ and established emissions trading schemes.
This article was originally published in the Forest Carbon newsletter. Click here to read the original.
16 April 2013 | In Ecosystem Marketplace’s last issue of Forest Carbon News, we
Since then, we have released the
Regarding the audit report’s conclusion that carbon credits were not a critical part of NCC’s decision to purchase the Darkwoods property, there are documents (
Christian Schadendorf – who advised the former Darkwoods owner on his sale of the property – stated that they had “had calls from several timberland buyers who would qualify as ‘liquidation loggers,’ but NCC got there first.” This is in sharp contrast to the Auditor General’s report finding that no companies interested in a “liquidation logging scenario” had bid on the property prior to sale.
The overall episode offers lessons for cases down the line where government oversight is necessary in vetting carbon offset projects. Darkwoods’ experience may be a relatively isolated occurrence for now, but government oversight is becoming an increasingly relevant issue in the forest carbon arena – particularly as we see momentum building for jurisdictional linkages and jurisdictional REDD+ approaches that wed broad-based government targets with project-level activities.
Keep reading below for more forest carbon market news items, hot off the presses. Here in Washington, DC, we are busy aggregating data for this year’s State of the Forest Carbon Markets Report. Don’t forget to check the
A big thank you to the following organizations that have most recently contributed data to this year’s State of the Forest Carbon Markets Report, including:
—The Ecosystem Marketplace Team
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