Alaska could follow in the footsteps of California and Europe by leveraging the state’s natural resources to create a carbon offset and sequestration program, mitigating the environmental effects of its industries and raising revenue for the state.
Alaska Gov. Mike Dunleavy introduced a package of bills at the end of January to that, if passed, would launch a carbon capture, utilization, and storage program (CCUS) .
According to a press release from the Governor’s Office, the so-called “Carbon Management and Monetization Bill Package” will also have the benefit of raising a vaguely estimated “billions” of dollars for the state.
The first bill, SB 49, would create a regulatory framework for the storage of carbon dioxide, according to an article by Sean Maguire and Alex DeMarban for the Anchorage Daily News. The second, SB 48, would “create a framework for allowing carbon offsets using state land and then selling carbon offset credits,” according to the article.
The article also provides background on the idea by citing several reports that have explored the potential of the state’s wild areas to provide carbon offset and sequestration.
Read the full story: Gov. Dunleavy says his carbon storage bills could bring Alaska ‘billions,’ but many unknowns remain
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