Develop a City Forest Carbon Credits program to quantify and monetize sequestered carbon in urban trees.
The City will evaluate the potential to set up a carbon credits program. This program would include quantifying the carbon sequestered through urban trees and sell credits to offset emissions from City of Dallas operations. Each credit can potentially monetize:
Metric ton of CO₂
Rainfall interception in cubic meters/year
Air quality benefits in tons/year
Energy savings in kWh/yr
A similar program called ‘city forest carbon program’ is being piloted by the City of Austin.