Forum Discussion
Timmo_
Oct 14, 2021Explorer II
The relationship between the "grid" and "forests" is far greater than "PG&E caused fires", it is all about money, as in Carbon Credits.
In Cali, an owner of forest property can earn carbon credits if they preserve and protect their trees. A single credit is equivalent to 1 metric ton of carbon emissions and is worth $27.09*. Is it perfect, no.
*Price https://carboncredits.com/carbon-prices-today/
What happens when there is a forest fire? Poof no trees, no credit. What happens if the trees are logged or thinned? Credit goes bye bye. Hmmmm....
How to game the system. A out of state nonprofit purchased the land in Cali to preserve the forest. Later they presented a plan to heavily log 9,700 acres (which they really never intended to log) and for a promise to not heavily log for the next century, they earned 600,000 carbon credits which they sold for $6 million.
https://www.msn.com/en-us/money/companies/is-california-s-carbon-offset-program-actually-helping-the-environment/ar-BB1gJVaB
Then we have this report--
Carbon offsets are widely used by individuals, corporations, and governments to mitigate their greenhouse gas emissions. Because offsets effectively allow pollution to continue, however, they must reflect real climate benefits.
To better understand whether these climate claims hold up in practice, we performed a comprehensive evaluation of California's forest carbon offsets program — the largest such program in existence, worth more than $2 billion. Our analysis of crediting errors demonstrates that a large fraction of the credits in the program do not reflect real climate benefits. The scale of the problem is enormous: 29% of the offsets we analyzed are over-credited, totaling 30 million tCO2e worth approximately $410 million.
The report--https://carbonplan.org/research/forest-offsets-explainer
And an easier to read news article that discusses the report--https://www.technologyreview.com/2021/04/29/1017811/california-climate-policy-carbon-credits-cause-co2-pollution/
"And so castles made of sand
Slips into the sea
Eventually"
Jimi Henddrix
In Cali, an owner of forest property can earn carbon credits if they preserve and protect their trees. A single credit is equivalent to 1 metric ton of carbon emissions and is worth $27.09*. Is it perfect, no.
*Price https://carboncredits.com/carbon-prices-today/
What happens when there is a forest fire? Poof no trees, no credit. What happens if the trees are logged or thinned? Credit goes bye bye. Hmmmm....
How to game the system. A out of state nonprofit purchased the land in Cali to preserve the forest. Later they presented a plan to heavily log 9,700 acres (which they really never intended to log) and for a promise to not heavily log for the next century, they earned 600,000 carbon credits which they sold for $6 million.
https://www.msn.com/en-us/money/companies/is-california-s-carbon-offset-program-actually-helping-the-environment/ar-BB1gJVaB
Then we have this report--
Carbon offsets are widely used by individuals, corporations, and governments to mitigate their greenhouse gas emissions. Because offsets effectively allow pollution to continue, however, they must reflect real climate benefits.
To better understand whether these climate claims hold up in practice, we performed a comprehensive evaluation of California's forest carbon offsets program — the largest such program in existence, worth more than $2 billion. Our analysis of crediting errors demonstrates that a large fraction of the credits in the program do not reflect real climate benefits. The scale of the problem is enormous: 29% of the offsets we analyzed are over-credited, totaling 30 million tCO2e worth approximately $410 million.
The report--https://carbonplan.org/research/forest-offsets-explainer
And an easier to read news article that discusses the report--https://www.technologyreview.com/2021/04/29/1017811/california-climate-policy-carbon-credits-cause-co2-pollution/
"And so castles made of sand
Slips into the sea
Eventually"
Jimi Henddrix
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