The Alaska House followed the Senate in passing a bill backed by Gov. Dunleavy that authorizes the sale of carbon credits from state land. via AlaskaBeacon
, authorizes the Alaska Department of Natural Resources to lease out state land for up to 55 years for the purpose of preserving its powers to absorb atmospheric carbon.
“Today marks an exciting new chapter for natural resources in Alaska with the passage of Governor Mike Dunleavy’s carbon offset bill,” John Boyle, commissioner of the Department of Natural Resources, said in the governor’s release. He credited work by his department and by the Alaska Oil and Gas Conservation Commission.
“I’m grateful our DNR experts and AOGCC partners were able to work with the legislature to deliver a bill giving Alaska a new revenue stream that complements our current resource development industries and Alaskans’ use of State land,” Boyle said. “I’m particularly excited about the opportunities to more actively manage and invest in our forests.”
“In fact, it’s supposed to, it must, it’s compelled to have no net loss on biomass. We heard that testimony. So this is, in that respect, a conservation bill from an Alaskan lens,” he said during a Tuesday afternoon House Finance Committee hearing that preceded the floor vote.
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