Wall Street backers see breakthrough moment for carbon offsets

The Tree Frog Forestry News
June 10, 2024
Category: Today's Takeaway

Investors in carbon credits have withstood greenwashing and low prices—now they see a turnaround. In related news: Derek Nighbor says wood waste could feed Canada’s electicity grid; the EU deforestation law could sideline Canada’s Indigenous forest management; the United Nations says  tropical deforestation pledges must be increased; and Russian forests are shifting from GHG-sink to source. Meanwhile: FPAC welcomes the new national wildland fire strategy; Oregon’s forest agreement is making headway on endangered species; and how the US is faring on its biodiversity 30-by-30 conservation target. 

In Business news: Canada launches institute to track indigenous economic prosperity; Ontario’s cabinet shuffle includes its Forest Minister; Kruger and Unifor update Kamloops on fibre shortage; Greenpeace accuses IKEA of destroying Romania’s old-growth; and more on Suzano’s potential acquisition of International Paper.

Finally, Nova Scotia is devastated by loss of the historic Bangor sawmill and museum.

Kelly McCloskey, Tree Frog Editor

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