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The Price of a Tonne · Episode 7 of 14 · 21 min

Common Practice

California's 2011 forest protocol pays landowners up front for the difference between their trees and the regional average, a promise insured for a century by a shared reserve of withheld credits. Scientists found roughly 30 million credits over-credited, a finding the regulator rejects. Wildfires, including the 2021 Bootleg Fire, then consumed the reserve in under a decade. Tribal projects have raised about $1.5 billion, the strongest case in favor.

Who's who

Where it happens

Timeline

  1. October 20, 2011CARB adopts the Compliance Offset Protocol for U.S. Forest Projects.
  2. August 20, 2020The Lionshead Fire burns the Warm Springs Reservation and its offset project.
  3. July 6, 2021The Bootleg Fire ignites and burns about 100,000 acres of Klamath East.
  4. October 27, 2021CARB issues a rebuttal of the over-crediting study.
  5. August 2022A buffer-pool paper shows wildfire losses consuming a century of reserve within a decade.
  6. September 19, 2025California extends its program to 2045 and mandates a protocol update by 2029.

Still debated

The 29.4 percent over-crediting estimate is disputed by CARB, which says legal and financial constraints and a minimum-baseline backstop change the answer. Whether non-additional credits mean no climate benefit is argued, and the buffer's true balance lags the fires by years.

forest offsetswildfirebuffer pooladditionalitytribal forestrycalifornia
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