ENRTF ID: 203-EH Project Title: Monetizing Carbon Capture by Minnesota Forests Category: H. Proposals seeking $200,000 or less in funding Sub-Category: E. Air Quality, Climate Change, and Renewable Energy Summary: Minnesota forests have tremendous potential to absorb excess CO2 from the atmosphere, mitigating climate change. This project is intended to jump-start a market for forest carbon offsets in Northern Minnesota. Total Project Budget: $ 161,838 Proposed Project Time Period for the Funding Requested: June 30, 2022 (2 yrs) Name: Christopher Wright Sponsoring Organization: U of MN -Duluth NRRI Department: Natural Resources Research Institute Address: 5013 Miller Trunk Highway Duluth MN 55811 Telephone Number: (585) 642-0525 Email ckwright@d.umn.edu Location: Region: Northeast County Name: Beltrami, Carlton, Cass, Clearwater, Cook, Hubbard, Itasca, Koochiching, Lake, Lake of the Woods, Pine, Roseau, St. Louis Alternate Text for Visual: Minnesota forests offset CO2 emissions by industrial sources by capturing atmospheric CO2 and converting it to biomass. The potential carbon offset market in Northern MN is on the order of $100-million per year.