How Wall Street’s Biggest Forest-Carbon Wager Is Starting to Pay Off

By Ryan Dezember
The Wall Street Journal
December 5, 2023
Category: Carbon, Climate & Bioenergy
Region: United States

Investors who made one of the biggest timberland purchases in years with plans to make carbon deals said they sold more than $100 million of so-called forest offsets during the gambit’s first year. Aurora Sustainable Lands, said it expects its 1.7 million acres of eastern U.S. forest to annually yield additional offsets worth between $60 million and $150 million at current prices. …Although many carbon-offset schemes have flopped due to dubious environmental benefits and higher interest rates, demand is mounting for pledges from big players in forestry and high finance to leave trees standing and sucking carbon from the atmosphere. …Aurora said it has reduced logging on its land by about half and plans to sell offsets everywhere on its properties where trees grow. …Weyerhaeuser in September gained approval from an organization that vets environmental credits to proceed with its first sale of forest-carbon offsets. …Rival PotlatchDeltic told investors that it is preparing to sell offsets. [to access the full story a WSJ subscription is required]

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