Here is a new way for Southern pine growers to get paid for their timber: Leave it standing.
Companies eager to offset their emissions are paying Southern timberland owners not to cut more than a million acres of mill-bound pine trees until next year. The idea is that the longer the timber stands, the more carbon the trees can sponge from the atmosphere before becoming two-by-fours and telephone poles.
The companies are credited with socking away carbon in wood, measured in metric tons and documented with tradable assets called carbon offsets. Companies buy offsetsthey keep to show investors and customers their pollution-reduction efforts. Landowners get a check as long as their trees remain standing.
The market’s architect, SilviaTerra, plans to expand its Natural Capital Exchange this summer from Southern pine to hardwood forests there as well as to woods around the Great Lakes. The firm uses satellite photos, forest surveys and computer programs to size up timber, calculate how much carbon the trees can sequester and determine how many offsets their owners can sell.
Meanwhile in Mexico we have a stupid president paying land owners to cut them down🤦🏻♂️
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Source: Forbes - 🏆 394. / 53 Read more »