2013-07-01

B.C. introduces carbon program for private sector

The British Columbia government wants the private sector to help plant trees on Crown land.

Under the B.C. Forest Carbon Partnership Program, announced on Friday, private-sector companies would pay to replant land after a forest fire or a mountain pine beetle infestation.

In return, such investors would be in line for a carbon offset credit that could have value in the global carbon offset market.