Improved Forest Management
This project provides a textbook example of how carbon offsets work. The picturesque city of Astoria, Oregon, lies at the mouth of the Columbia River. The city owns Bear Creek Watershed Forest—3,700 acres full of Douglas firs, western red cedars, and western hemlocks about 10 miles southeast of town. Astoria uses the forest as a source of drinking water and of revenue from annual logging. In 2015, the city came to an agreement with The Climate Trust, a nonprofit organization that finances carbon mitigation projects. The city committed to significantly reduce its timber harvest. In return, the trust bought 245,000 carbon credits, also known as carbon offsets.
A carbon offset represents the reduction of 1 metric ton (2,205 pounds) of carbon dioxide emissions. The Bear Creek Watershed Forest Carbon Project accomplishes that by absorbing (sequestering) CO2 from the atmosphere. Having more trees in the forest because of reduced harvesting means that the forest sequesters more carbon. The American Carbon Registry verification agency found that during the first year of improved management, the project actually exceeded the offsets goal, sequestering 262,154 metric tons of carbon above what the forest would have stored under its old management plan. (You can find verification documents at https://acr2.apx.com/mymodule/reg/TabDocuments.asp?r=111&ad=Prpt&act=update&type=PRO&aProj=pub&tablename=doc&id1=272.)
Ken Cook, Astoria's public works manager at the time of the sale, said the city couldn't have afforded to reduce timber harvesting without the offsets. "In the absence of carbon revenue," he said, "the project activity of limiting timber harvest could not be sustained, as it is important that city assets, like the Bear Creek Watershed, generate long-term sustainable revenue for the benefit of its citizens."
Cloverly buys offsets that meet accepted standards for being real, measurable, verifiable, permanent, and additional. "Additional" means that—as is the case with the Bear Creek Watershed Project—the carbon savings would not have happened without the offset project and the project would not have happened unless it got certified to sell carbon offsets.
For an interactive map of the projects in our portfolio, see https://www.cloverly.com/project-map.
American Carbon Registry