Companies are selling the carbon stored in Louisiana trees. Can it save the climate?

By Halle Parker
WWNO – New Orleans Public Radio
August 21, 2024
Category: Carbon, Climate & Bioenergy
Region: United States, US East

Louisiana — Cakey Worthington is the vice president of carbon management for Aurora Sustainable Lands… The company now owns about 100,000 acres of land in the Atchafalaya Basin. Instead of harvesting the trees on its land, Aurora plans to sell other companies the carbon dioxide stored inside them. …Aurora sold more than $100 million worth of carbon credits by the end of 2023. …Globally, the industry has taken off … But in the South, the carbon credit industry is still nascent, just beginning to pick up steam.  …Much of Aurora’s land was bought from a traditional timber company, for example. The company can then sell even more carbon stored in the trees by comparing it to a kind of alternate reality— also known as a counterfactual scenario—formed through projections. The company didn’t share how it designs its carbon credit program.

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