Overseas markets could be harming forests in the U.S. Demand for wood pellets for biomass energy has increased dramatically around the world, especially in Europe where burning wood is treated as renewable energy and heavily subsidized. The UK-based company Drax Group plans to build a 450,000 ton per year wood pellet plant in Longview. .
For the first time ever at a climate summit, the final text of this month’s COP27 included a “forests” section and a reference to “nature-based solutions.” But it s premature to declare a victory for forests.
Players in the carbon offset market say they offer a solution to the climate crisis. When an emitter releases carbon in one place, they can support a project elsewhere that removes carbon from the atmosphere or reduces carbon emissions. Thousands of projects around the world say they can offset a ton of carbon emissions for […]