Carbon Sequestration and Michigan Forests
Carbon Sequestration and Michigan Forests
Carbon Sequestration and Michigan Forests
Program: Dow Sustainability Fellows Program
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Spotlight on Carbon Sequestration
Selling Sequestered Carbon Could Be a Win-Win for Michigan | Michigan (2019)
Michigan’s Department of Natural Resources manages the largest state-owned forest system in the U.S., with roughly four million acres of forest land between the upper and lower peninsulas. This Dow Fellows team explored the possibility of selling the carbon sequestered by these forests and reinvesting the profits in the future of Michigan’s environmental health. Selling carbon offsets generated from its forests could be a win-win for the state, encouraging better forest management while providing the revenue to fund related projects that reduce both Michigan’s emissions and its dependence on fossil fuels.
Carbon sequestration is the process by which carbon dioxide is removed or stored to reduce the effects of climate change. Forests are considered an important factor in storing carbon, and the carbon sink potential, the degree to which carbon dioxide is absorbed through natural processes, of Michigan forests can be quite large. A Dow Fellows team worked with the Michigan Chapter of The Nature Conservancy to explore the possibility of selling sequestered carbon in the form of carbon credits from improved forest management strategies in the Michigan State Forest system. The team completed multiple interviews to gain a baseline knowledge of how carbon offset markets work. They developed a set of recommendations for the state of Michigan to pursue carbon offsets. This work can serve as a template for other states to implement carbon offsets.
LOCATION
Michigan
TEAM
Amanda Willis | MBA/MS ’20
Clare Cutler | MS ’20
Kanchan Swaroop | MSE/MS ’20
Marc Jaruzel | MPP ’20
ADVISORS
Prof. Michael Moore | School for Environment and Sustainability
Michael Kay | U-M alumnus, former Dow Fellows Program Liaison
CLIENT
The Nature Conservancy, Michigan Chapter