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How do the trustees of this forest sell carbon sequestration? Do they just say "this forest sequesters a billion tons of carbon dioxide a year, and for $10/ton,
by sethg 17y ago
How do the trustees of this forest sell carbon sequestration? Do they just say "this forest sequesters a billion tons of carbon dioxide a year, and for $10/ton, we will associate those good works with your company's name"?
- Alex3917 17y agoThere have been very accurate satellite measurements of rainforest deforestation since the 70s. We know how many acres are being destroyed each year from across the world. Because historical measures are so good, we are able to know if the rates of deforestation are increasing or decreasing. If countries are able to decrease their rates of deforestation from the historical baseline then they get carbon credits under certain cap-and-trade models. They are then able to sell these credits at auction. Because preserving an acre of rainforest is far less expensive than reducing CO2 in more traditional ways, we can reduce the total amount of CO2 in the atmosphere for less money than it would otherwise cost.