Do you get what you pay for? Monetizing Forests by the use of Carbon Credit | Local weather Now Podcast Ep. 1.29
A rapidly expanding list of companies have announced plans to go “carbon neutral” or “net zero”. Often, these plans include at least some offsetting of greenhouse gas emissions by purchasing credits from forest carbon offset programs.
But buyers beware: our look into how forest carbon offsets are determined and sold suggests that there is a lot of work to be done before we will be able to monetize the carbon absorptive power of trees in our effort to reduce net emissions.
Climate Now spoke with four experts: Dr. Charles Canham of The Cary Institute, Dr. Danny Cullenward, Policy Director of CarbonPlan, Dr. Grayson Badgley of Black Rock Forest and Columbia University, and Christine Cadigan of the American Forest Foundation to better understand what is and is not working in the forest carbon offset market.
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