It’s the holy grail of the forest economy. And now, it might be within reach.
Re.green plans to restore native trees in deforested areas and sell credits that correspond to the carbon they lock away. Those trees will be protected, not logged. Then, businesses will use those credits to offset their own greenhouse gases in emissions accounting.
The bet hinges on the success of a system that’s being built from scratch and comes with some big challenges. Measuring the carbon held in trees and soil is complex. And, many conservationists worry that carbon credits could easily be abused by companies that want to appear environmentally conscious while sticking with fossil fuels.
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Still, reforestation projects have created a buzz in the northern Amazon, where companies are rushing to buy up big plots of land with restoration potential.
“You know that people who handle cattle don’t care much about this reforestation stuff,” said Anderson Pina Farias, a rancher whose farm is almost completely deforested. But, he added, “if selling carbon is better than ranching, we can change businesses.”
