Utilities battle CO2 with trees
Forty utilities nationwide have established a new, nonprofit organization to help reduce greenhouse gases linked with global worming. The new organization, the UtiliTree Carbon Co., has announced funding for five forest management projects in the United States and abroad to help control greenhouse gases. Selected from a pool of 32 comprehensive proposals, the projects represent diverse approaches toward managing greenhouse gases such as CO2. The five projects involve rural tree planting, forest preservation and forest management and are sited in California, Oregon, Louisiana, Belize and Malaysia. These projects are expected to reduce the equivalent of more than 2 million tons of CO2 emissions at a cost less than $1 per ton. Participating utilities will share reporting of CO2 reduction benefits into the national greenhouse gas database, a voluntary provision of the 1992 Energy Policy Act.