Partner of American Forests Issues First Urban Forest Preservation Carbon Credits in the World
On May 9, King County announced that it had developed and sold the first city forest preservation carbon credits in the world. The buyer was a woman-owned, King County-based fishing company that had recently commissioned the first “green” fishing vessel in the Bering Sea fishery.
The credits were issued by City Forest Credits, a Seattle-based non-profit organization that American Forests is working with nationwide to generate new funding for our city trees through carbon credits and sustainability certification.
Ian Leahy, vice-president of urban forestry at American Forests, said, “Our cities and towns are suffering significant tree loss from development, disease and disinvestment, and public funding is not keeping up. With support from the Doris Duke Charitable Foundation, we are working with City Forest Credits to bring this innovative funding mechanism to our city trees. Companies can now make reliable and efficient carbon or CSR investments to keep our cities green, healthy, and equitable.”
City Forest Credits has helped cities and tree-focused non-profits launch carbon programs in cities from Austin, TX to Des Moines, IA to King County, WA. Funders and Buyers include Microsoft, Bank of America, and the City of Austin.