Real estate is constantly evolving and in Central Texas, we are witnessing another notable shift with the emphasis on environmental awareness in much-needed ecosystem services projects. The Texas Parks and Wildlife Department (TPWD) will soon be seeking proposals from both public and private entities, aiming to construct nature-based carbon sequestration infrastructure or similar projects on TPWD properties.
This has been made possible via House Bill 4018, which took effect September 1st. The milestone legislation allows TPWD to forge partnerships via an innovative conservation model that not only ensures wetland protection but also brings revenue to the agency through carbon credits.
Nature-based structures are set to be developed on lands primarily used for game or fish conservation, protection or management. However, TPWD land used for parks, recreation or historic sites can also consider this construction. Partners ready to fund all construction costs for nature-based structures and establish a revenue-sharing model for carbon credits are what TPWD is seeking. If private money funds construction adjacent to select public lands, TPWD will deposit any funds received for that agenda to benefit either state parks or game and fish management based on the project site.
For a deeper understanding of carbon sequestration, check out this comprehensive article on “Down to Earth: Carbon Credits for Landowners .”