Gov. Mike Dunleavy on Friday officially unveiled a pair of bills intended to market Alaska as a destination for companies interested in reducing the effect of their greenhouse gas emissions. via AlaskaBeacon
The forest-related bill is likely to move quickest, but when Michigan launched a similar program, it took 18 months for a third-party broker to physically examine state forests, then begin selling carbon credits, Giessel said.
That was unusually fast, she said, and involved forests accessible by road. Most of Alaska’s forests don’t have roads, and the process of surveying them could take years. That makes both the timing and potential revenue uncertain.say that “revenues are not specifically estimated because of the market and timeline uncertainty for carbon offset projects.
Operating expenses for the forest-linked program are projected to be about $1.3 million per year once it’s fully established, and to be higher in the near term as the project gets started, according to fiscal notes submitted by the Department of Natural Resources. “You’ll probably hear us very much threading a needle,” Giessel said of the upcoming legislative hearings. “We’re not wanting to discount or in any way vilify the . Of course, we’ll look at it. It’s just more complicated than it seems.”
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