6 Jan 2017: California’s cap-and-trade program, Disney buys up carbon credits in Mondulkiri. $8 and $7.
Editor's note: California Yurok tribe indicated at c.$8. Disney-Mondulkiri Cambodia deal is for 360,000 tons CO2E, so US$7.22s (read here: http://en.freshnewsasia.com/index.php/1600-cambodia-sells-first-carbon-credit-to-u-s-disney, correction - not 14 million tons).
Carbon cutters on edge, hoping California’s cap-and-trade program survives - By Special to The Enterprise December 29, 2016 By Julie Cart -- In 2014 the state’s Air Resources Board awarded the Yurok the first certified forestry carbon offset credits in California, after they placed more than 8,000 acres of Douglas fir and hardwood into the state’s carbon bank and pledged to leave the mature forest to absorb and sequester carbon for 100 years.The tribe’s 836,619 offset credits could earn the Yurok as much as $7 million annually..... But not all of agriculture has embraced the program. Last year the state added a new offset: cultivating rice to reduce methane. It has yet to entice any California farmers to register projects. The simple reason? Money.While the Conservation Fund’s forest projects bring in $3 million a year — with administrative costs of about $150,000 — the carbon offset reward isn’t enough to justify the upfront costs for rice farmers. “It’s not a highly attractive option right now, with the price of carbon where it is,” said Paul Buttner, environmental affairs manager for the California Rice Commission. It costs about $1,200 an acre in California to produce rice and sell it, Buttner said. The industry’s calculation is that by the time farmers fill out the paperwork, enroll in the program, then institute the changes required, it might reduce emissions by about half a ton per acre, Buttner said. “If you do the math, that’s $5 an acre. Unless the price of carbon doubles or triples over the current price, I can’t imagine them getting highly motivated to take part in the program.”... http://www.davisenterprise.com/local-news/carbon-cutters-on-edge-hoping-californias-cap-and-trade-program-survives/
Disney buys up carbon credits in Mondulkiri Mon, 25 July 2016 by Phak Seangly and Kali Kotoski
The Walt Disney Company has purchased $2.6 million in carbon credits in the forests of Mondulkuri province – marking the largest carbon credit sale to date in Cambodia and breathing life into a carbon-trading program many had written off as all but dead.... In collaboration with the Cambodian government and brokered by the Wildlife Conservation Society (WCS), the US-based media giant will purchase 360,000 tonnes worth of carbon emissions in Keo Seima Wildlife Sanctuary in a bid to offset its global carbon footprint....http://www.phnompenhpost.com/national/disney-buys-carbon-credits-mondulkiri