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Showing posts with the label carbon offsets

Carbon Offset Programs Underestimate the Threat of Hurricanes

By Sierra Bouchér , Eos/AGU.  Excerpt: New England is one of the most heavily forested areas in America: Roughly 15 million metric tons of carbon is stored there every year. These projects account for disasters that can kill trees and release their stored carbon. However, a  new study  published in  Global Change Biology  suggests that they may be underestimating the destructive power of hurricanes. A single hurricane in New England could release at least 121 million metric tons of carbon from downed trees, the study showed, the equivalent of the energy use of almost 16 million homes in 1 year. Many carbon offset programs reforest in the region. ...When a company buys a carbon credit, it buys a slight surplus of offset, allowing offset programs to plant slightly more trees to take in more carbon than is being emitted. That way, if trees are lost to drought, fire, disease, or other disasters, the program stays carbon neutral. ...As of 2020, 7% of California’s Cap...

Can Forests Be More Profitable Than Beef?

By Manuela Andreoni , The New York Times.  Excerpt: The residents of Maracaçumé, an impoverished town on the edge of the Amazon rainforest, are mystified by the company that recently bought the biggest ranch in the region. How can it possibly make money by planting trees, which executives say they’ll never cut down, on pastureland where cattle have been grazing for decades? ...The new company ...is a forest restoration business called Re.green. Its aim, along with a handful of other companies, is to create a whole new industry that can make standing trees, which store planet-warming carbon, more lucrative than the  world’s biggest driver  of deforestation: cattle ranching. ...About a fifth of the great rainforest is already gone. And scientist warn that rising global temperatures could push the entire ecosystem, a trove of biodiversity and a crucial regulator of the world’s climate, to collapse in the coming decades unless deforestation is halted and  an area the siz...