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Board hears forest carbon-credit pitch, refers proposal for committee review

Caldwell Parish School Board · July 12, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A parish resident presented a voluntary 40-year forest carbon-credit proposal with a $20-per-acre upfront advance and projections of early payments; the board asked staff to bring more information to the Building & Lands committee for follow-up.

Mark Brown, a Caldwell Parish resident, presented a vendor proposal to enroll parish forestland in a voluntary carbon-credit program registered with the American Carbon Registry, describing it as "a 40-year program." He told the board the company provides an aerial inventory, establishes permanent plots audited by the registry, and projects that landowners would receive an upfront advance ("$20 per acre" on forested acres) followed by periodic credit payments.

Brown outlined a sample projection for a 751-acre block that estimated roughly $324,000 in payments within the first five years and a 40-year cumulative projection of approximately $634,900 under current price assumptions. He explained the proposal separates existing, banked credits from new-growth credits and described an index-based royalty structure (a 30% base royalty with higher tiers as market prices rise).

Board members raised questions about costs, risks and contract length. One member asked whether the district would be "locked into" a 40-year agreement; Brown replied that enrollment is contractual and described the program as long-term. Board members expressed interest but said they needed more technical details and legal review before deciding whether to participate.

The board agreed to hear more information at a Building & Lands committee meeting; participants set a follow-up meeting date (the board scheduled a committee meeting for July 30 at noon to review details and documentation). No formal approval to enter contracts was made at the meeting; the board directed staff to review terms, require registry verification and report back to the committee.