Bill Penny
Bill Penny

Bill Penny is a Member in the Nashville office of Stites & Harbison. He is a member of the firm's Environmental, Natural Resources and Energy Service Group as well as the Green Industry Practice Group. Bill has more than 25 years experience in environmental law. You can contact him at william.penny@stites.com or by phone at 615-782-2308.

Martin Corinne
Corinne Martin

Corinne Martin is an Associate in the Nashville office of Stites & Harbison. She is a member of the Environmental, Natural Resources & Energy Service Group, the Green Industry Practice Group, and the Business Litigation Service Group. cmartin@stites.com or by phone at 615-782-2218.

tennessee

New Metro bill allows all Nashville drivers to purchase carbon offset credits and park for free

06.08.11 1:24 PM
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In December, the Metro Council voted to allow drivers of “clean technology” electric, hybrid, or biofuel vehicles to park for free at the city's meters in downtown Nashville.  Yesterday, the Metropolitan Government of Nashville & Davidson County made it possible for all of the city’s environmentally conscious drivers to take advantage of this deal. The new bill, introduced by Councilman Charlie Tygard, allows drivers to purchase carbon offset credits in exchange for free parking downtown.

The formula for calculating one’s estimated offset can be found at Carbonfund.org. Using this formula, for example, a 2002 Honda Civic owner who drives 15,000 miles per year would pay an annual offset of $41.58 per year. Using the same formula and yearly mileage, a driver of a 2002 Ford F150 pick-up truck would pay a carbon offset of $73.92 per year.
 
The revenue generated will go into a fund for projects, such as tree planting and wetlands mitigation, aimed at reducing the region’s carbon emissions, including one designed by former Councilman Roy Dale’s organization, EarthCredits, to restore the Ewing Creek floodplain in north Nashville by creating an “eco-park” west of Whites Creek Pike.
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