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Waupaca council approves plan to plant trees, sell carbon credits to local foundry
Summary
The council voted to register about 23.5 acres near Wells 5 and 6 as a 'carbon forest,' enroll the site in a carbon-credit registry, and sell the credits under an agreement with Waupaca Foundry. The project anticipates modest net revenue over 26 years and will be offset initially by a foundation donation.
Waupaca’s Common Council on Nov. 4 approved an agreement to plant and register roughly 23.5 acres near Wells 5 and 6 as a new carbon forest and sell the resulting carbon credits to a local foundry.
Public Works Director Justin Barrons told the council the plan calls for rows of red and white pine on roughly 23.5 acres, excluding well houses, fences and power-line corridors, and enrollment with a carbon-credit registry. “We’ll then in turn... the foundry will be able to buy those credits from us,” Barrons said, describing a negotiated arrangement with the buyer.
Barrons said…
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