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Why this Matters: In 2020, companies bought more than 93 million carbon credits, equivalent to the pollution from 20 million cars in a year, a 33% increase over 2019. But in order to be effective, it’s crucial that these credits are actually reducing overall emissions. A new analysis from CarbonPlan, a San Francisco nonprofit that analyzes the scientific integrity of carbon removal efforts, took a hard look at California’s forest offset program, and now argues that a large fraction of the credits in the program do not reflect real climate benefits. But too much negative press may keep offset markets from growing just as they are getting started.
Saez Gil, the founder and CEO of Pachama, told TechCrunch: “Restoring nature is one of the most important solutions to climate change. Forests, oceans and other ecosystems not only sequester enormous amounts of CO2 from the atmosphere, but they also provide critical habitat for biodiversity and are sources of livelihood for communities worldwide. We are building the technology stack required to be able to drive funding to the restoration and conservation of these ecosystems with integrity, transparency and efficiency. We feel honored and excited to have the support of such an incredible group of investors who believe in our mission and are demonstrating their willingness to support our growth for the long term.”
by Ashira Morris, ODP Staff Writer Every day, the world loses an area of tree cover about the size of New York City from deforestation. World Wildlife Fund’s new Forests Forward campaign partners with companies to help improve forest management and trade. Companies like Kimberly-Clark and Lowe’s have already signed on, committing to the program’s […]
As conservationist Paul van Nimwegan wrote for Conservation International, Sumatra’s biodiversity is at a critical juncture — widespread forest clearing, wildlife poaching and land-use intensification have put much of the island’s astonishing flora and fauna under considerable threat. About 12 million hectares of Sumatra’s vast forest ecosystem have been cleared in the past 22 years, […]
In Canada’s British Columbia, a new project plans to replant resilient forests with the combination of Indigenous knowledge and new technology. According to reporting by Grist in partnership with The Tyee, Seed the North will “collect seeds, combine them in biodiverse seedpods, and drop them using drone technology over thousands of acres.”
Why This Matters: Over the past decades, British Columbia’s forests have been through climate change-fueled droughts, wildfires, and pest infestations.
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