In their quest to become net zero, many companies purchase carbon offsets as an alternative to phasing out fossil fuel use. Offsets can come from renewables, like wind and solar, or increasingly from natural climate solutions, like forested lands. Forest carbon offsets allow landowners to monetize the carbon being stored by their trees and soils and sell it on the carbon market, where there is high demand.
Over the past decade, forest carbon offsets have emerged as one of the fastest growing finance tools to incentivize forest conservation. Environmental groups, land trusts, and municipalities are involved in deals that sell forest carbon to buyers, including major corporations like Disney, JP Morgan Chase, Delta, and Google. [Read more…] about Forest Carbon Offsets: Too Good to be True?