CARB Approves First Forestry Carbon Offset Credits

California has issued the first carbon offset credits under its Forestry Protocol, enabling cap-and-trade entities to use forestry projects to offset emissions. On November 13, 2013, the California Air Resources Board (CARB) announced approval of the first carbon offset credits under the cap-and-trade forestry protocol.  CARB issued 1.2 million offset credits to Willits Woods, a…