Hawaii companies invest in local carbon offset project

Hawaii companies invest in local carbon offset project

September 23, 2019
Pacific Business News

Members of Hawaii’s Sustainability Business Forum join other officials from around the state at the United Nations’ Climate Action Summit in New York this week and 10 of the forum’s members have jointly invested in a carbon offset offset project that will work with The Nature Conservancy of Hawaii to improve an 8,000-acre forest.

The 10 companies and organizations — Alexander & Baldwin, the Harold K.L. Castle Foundation, Hawaiian Airlines, the Hawaii Community Foundation, Hawaii Gas, Hawaiian Electric Co., Kamehameha Schools, The MacNaughton Group, Pulama Lanai and Ulupono Initiative — are investing $150,000 on the pilot project in the Kona Hema forest on Hawaii Island that will launch in 2020 and is expected to generate 120,000 in carbon offset credits in the first 10 years that can be sold on the global market.

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