King County announced Friday that Regen Network Development, a Delaware-based blockchain software development company, bought $1 million in carbon credits generated by a 46-acre forest in Issaquah.
The deal is being hailed as the largest single sale of urban forest credits in U.S. history. The money earned will be used by the county, the city of Issaquah and the Mountains to Sound Greenway Trust, among others, to further protect and conserve urban forests, according to the county.
“Our region is now part of the largest sale of urban forest carbon credits in U.S. history, thanks to partnerships among King County, cities and nonprofits,” King County Executive Dow Constantine said in a news release. “We will steward the newly protected urban forests so they can continue to absorb carbon, contribute to cleaner air and water, and create more greenspace where people, families, and communities can gather.”
The county and city purchased the forested property in 2018. The county’s portion...
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