Consortium Bets $1.8 Billion On Forest Carbon Offsets—By Reducing Harvests
Posted On
November 17, 2022
A consortium has paid $1.8 billion for a block of U.S. hardwood forests, the largest bet yet on forest carbon markets. The consortium is acquiring and managing timberland to maximize how much carbon is stored in the standing trees, rather than sustainably managing the forest for harvest.
Resource:
Carbon Credits: The Wall Street Journal: Wall Street Firm Makes a $1.8 Billion Bet on Forest Carbon Offsets