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Electric utilities in the US have initiated forestry projects to conserve energy and to o€set carbon dioxide (CO2) emissions. In 1995, 40 companies raised US$2.5 million to establish the non-pro®t UtiliTree Carbon Company which is now sponsoring eight projects representing a mix of rural tree planting, forest preservation, forest management and research e€orts at both domestic (Arkansas, Louisiana, Mississippi, and Oregon) and international sites (Belize and Malaysia). The projects include extensive external veri®cation. Such forestry projects Ð properly documented, monitored and veri®ed Ð should be a component of domestic and international strategies to address greenhouse gas (GHG) emissions, due to GHG bene®ts,...