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How much is an average tree worth in carbon credit terms? ie a money amount per year?
I have been offered some land with a massive forest on it and i'm thinking if i could sell the carbon credits etc. and then my job could be counting my money - a very environmentally friendly activity i think you would agree!
2 Answers
- megLv 71 decade agoFavorite Answer
"In the EU each allowance permits the holder to emit one tonne of CO2. If an operator does not hold sufficient allowances to meet its total emissions at the compliance date, a penalty of €40 (rising to €100 in the second phase) per excess tonne will apply.
There is no such market now, however if a market for trading forest carbon credits existed, you could only claim credit sequestered carbon, that is for new growth minus material that died and decayed each year, so as the forest matures it would no longer produce a positive income.
- Anne MarieLv 61 decade ago
That's very clever, Jon.
And here's an even better idea. Why don't you and I go into partnership. We'll sell our carbon credits to the highest bidder and split the money.
Then, pretending like the deal never happened, we'll contact the runner-up, tell him that the first one never paid up, and offer to sell the carbon credits for the second price.
I'll put ads on the internet in Europe, where there is great hunger to buy carbon credits, and we'll sell our credits again to them too!
We may have to hire extra staff just to count all our money for us!