STAND. COM. REP. NO. 1289

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.R. No. 88
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committees on Economic Development and Labor and
Environment, to which was referred S.R. No. 88 entitled:

     "SENATE RESOLUTION REQUESTING THE CONVENING OF A MEETING TO
     CONSIDER MEANS TO ATTRACT CARBON INVESTMENTS TO MITIGATE
     GLOBAL WARMING THROUGH SUSTAINABLE FORESTRY IN HAWAII,"

beg leave to report as follows:

     The purpose of this measure is to request the Hawaii
Forestry and Communities Executive Council and the Department of
Health to convene a meeting of affected stakeholders to consider
means to attract carbon investments to mitigate global warming
through sustainable forestry in Hawaii.

     Your Committees received testimony in support of this
measure from the Department of Land and Natural Resources and the
Department of Hawaiian Home Lands.

     Your Committees find that Hawaii has an opportunity to
establish carbon offset forestry projects as a result of a unique
combination of attributes.  In addition, these projects can
demonstrate that managing forests for carbon sequestration can be
compatible with, and complementary to, managing for commercial
high value timber and restoring native forests.

     Your Committees are supportive of these efforts to generate
additional investment and resource management opportunities for
Hawaii.


 
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                                   STAND. COM. REP. NO. 1289
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     As affirmed by the records of votes of the members of your
Committees on Economic Development and Labor and Environment that
are attached to this report, your Committees concur with the
intent and purpose of S.R. No. 88, and recommend that it be
referred to the Committee on Ways and Means.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committees on Economic
                                   Development and Labor and
                                   Environment,



____________________________       ______________________________
BOB NAKATA, Chair                  LORRAINE R. INOUYE, Chair

 
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