Carbon credits fuel wildfire restoration in Northwest forests
Mast Reforestation specializes in recovering burned areas, funding their replanting work by offering carbon credits to landowners.
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Mast Reforestation specializes in recovering burned areas, funding their replanting work by offering carbon credits to landowners.
(Bloomberg) -- Wildfires have ripped through the Texas Panhandle in recent weeks, killing more than 7,000 livestock animals and scorching grasslands. One fire has also impacted a carbon offset project that uses cattle to help manage the land in a way that boosts soil health and carbon levels.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapUS Core Inflation Tops Forecasts Again, Reinforcing Fed Ca
More than any other state, Alaska is dependent on oil, and state revenue has been hit hard by a massive drop in crude production. Are carbon offsets its future?
Scientists argue that it is a 'risky bet' to count on trees – temporary stores of carbon – to compensate for the carbon dioxide released by burning fossil fuels that stays in the atmosphere for centuries.
Canada's explosive wildfire season has already pumped millions of tons of carbon dioxide into the atmosphere. Some of that carbon is coming from vegetation burned at a carbon offset project, highlighting the fragility of a tool the world is relying on to fight catastrophic climate change.