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An acre of trees absorbs on average the CO2 produced by two cars [1]. A typical American car travels about 12000 miles/ year and has an fuel consumption of abou
by credit_guy 6y ago
An acre of trees absorbs on average the CO2 produced by two cars [1]. A typical American car travels about 12000 miles/ year and has an fuel consumption of about 24mpg, so two cars burn about 1000 gallons per year. For a carbon tax of $0.2/gallon [2], that's $200 per year. Currently you can buy forest land for less than $1000/acre e.g. [3]. An incentive of $200/year could make forest ownership one of the best investments available anywhere.
[1] http://www.tenmilliontrees.org/trees/ http://www.tenmilliontrees.org/trees/
[2] https://www.resourcesmag.org/common-resources/calculating-various-fuel-prices-under-a-carbon-tax/ https://www.resourcesmag.org/common-resources/calculating-va...
[3] https://www.landandfarm.com/property/Timber_Property_Surrounded_By_Ag_Land_In_Northern_MN-10772852/ https://www.landandfarm.com/property/Timber_Property_Surroun...
- triceratops 6y agoNice analysis! Thank you!