Why states see forest offsets as a revenue opportunity
State officials on both sides of the political aisle are considering creating carbon offset programs to monetize their state lands. These initiatives give states a new revenue source by charging companies to protect state forests, in exchange for carbon offsets needed to reach their corporate net-zero commitments. But environmentalists have concerns about whether these programs are actually effective and state legislatures aren’t always on board. POLITICO’s Jordan Wolman breaks down how states are balancing environmental concerns, industry interests and the need to generate revenue. Plus, President Joe Biden says he will veto a House solar tariff resolution if it reaches his desk.
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Show Notes
State officials on both sides of the political aisle are considering creating carbon offset programs to monetize their state lands. These initiatives give states a new revenue source by charging companies to protect state forests, in exchange for carbon offsets needed to reach their corporate net-zero commitments. But environmentalists have concerns about whether these programs are actually effective and state legislatures aren’t always on board. POLITICO’s Jordan Wolman breaks down how states are balancing environmental concerns, industry interests and the need to generate revenue. Plus, President Joe Biden says he will veto a House solar tariff resolution if it reaches his desk.
Jordan Wolman is a sustainability reporter for POLITICO.
Josh Siegel is an energy reporter for POLITICO.
Nirmal Mulaikal is a POLITICO audio host-producer.
Brook Hayes edited this POLITICO energy podcast.
Jenny Ament is the executive producer of POLITICO’s audio department.
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