STAND. COM. REP. NO. 2189

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 3054
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Labor and Environment, to which was
referred S.B. No. 3054 entitled: 

     "A BILL FOR AN ACT RELATING TO CARBON SEQUESTRATION,"

begs leave to report as follows:

     The purpose of this measure is to appropriate funds for
projects and activities required to facilitate carbon
sequestration.

     Testimony in favor of this measure was received from the
Department of Land and Natural Resources, Nature Conservancy of
Hawaii, Hawaii Forest Industry Association, and Trees for Life.

     The burning of fossil fuel produces carbon dioxide in the
atmosphere adding to global warming.  Forests capture carbon
dioxide from the atmosphere through photosynthesis and this
absorption of carbon is often referred to as "carbon
sequestration".  This measure provides funding for research,
public information, and marketing of activities and projects that
encourage carbon sequestration.  Your Committee believes that
this measure will help disseminate information, build community
support and understanding, identify potential carbon projects,
and market projects to potential investors to help reforest both
public and private lands.

     As affirmed by the record of votes of the members of your
Committee on Labor and Environment that is attached to this
report, your Committee is in accord with the intent and purpose

 
a                                                     SB3054
                                   STAND. COM. REP. NO. 2189
                                   Page 2


of S.B. No. 3054 and recommends that it pass Second Reading and
be referred to the Committee on Ways and Means.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Labor and
                                   Environment,



                                   ______________________________
                                   BOB NAKATA, Chair

 
a                                                     SB3054