Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Governments Chasing Forest Carbon Credits Beware: You’ll End Up in Debt!
    Carbon Credits

    Governments Chasing Forest Carbon Credits Beware: You’ll End Up in Debt!

    userBy userMarch 24, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Recent efforts by some governments and green groups to argue that native forest harvesting should cease because there is more to be made from keeping the carbon standing have been countered by well-credentialled forest scientists, including Dr John Raison in Wood Central.

    The political pressure on native forest timber production is immense, and governments will crack, making a virtue out of their political decisions, spinning their reasons to sound pure, and confecting their motives to be solely for the country’s good. I have previously written on the six reasons the WA Government gave for ending timber harvesting, finding serious flaws in each and, in some cases, documentary evidence in government publications that contradicted their claims.

    In the case of carbon, they claimed that by stopping forest harvesting, they would reduce carbon emissions. This is despite the WA government’s own data detailing the gain of carbon sinks (CO2-e) in forests harvested for timber production, which has been up to an additional 30 million tonnes over 10 years. (Between 3 and 5% of the carbon stocks) This was due to the regrowth performance as the planned harvest level remained unchanged.

    We are now seeing the NSW government and conservation groups support models that calculate a reduction in carbon emissions from ending native forest harvesting but also seek to monetise it. Following that path would seem to involve a significant risk.  The latest State of the Forests update clearly indicates that forest managed for timber production have increased their carbon stocks over the past 20 years (about 3%) but that conservation forests have decreased their stocks (-1%).

    A screenshot of a graph

AI-generated content may be incorrect.A screenshot of a graph

AI-generated content may be incorrect.

    If this data is correct, removing timber production from forests will result in a net reduction in carbon sinks of about 0.2% per annum (and between 0.3 and 0.5% if the WA data is used).

    What happens then? Should governments responsible for ending timber harvesting pay the cost of the reduced carbon stocks compared to business as usual, i.e., continuing timber production?

    In WA with forests carrying 200 – 300 tonnes of CO2 per hectare and Australian Carbon Credit Units being worth around $35, Premier Cook should be finding 400,000 ACCUs to compensate for ending harvesting in 800,000 ha of State forest, or writing a cheque for $14 million…each year. Faced with the real loss of carbon storage I guess politicians might be less keen to produce their own ‘alternative facts”.

    Please Note: Wood Central doest not take an editorial stance on the Australian native forest debate. It will, however from time to time, publish opinion articles that it deems to be in the public interest. And will fact check all articles before posting.

    • Gavin Butcher

      Gavin Butcher is a former director at the WA Forest Products Commission. With a career in plantation and native forest management spanning more than 25 years, he is a specialist in the strategic, analytical and financial fields of forestry management. Mr Butcher holds a Bachelor of Science in Forestry and has lectured at Edith Cowan University.


      View all posts





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAustralia to support new technologies for green steel industry
    Next Article European steelmakers weigh in on EU Steel Action Plan
    user
    • Website

    Related Posts

    Major Aus. developer exits govt. offset scheme over ‘criticism’

    May 21, 2025

    Fool’s gold: A hidden climate stabilizer

    May 21, 2025

    Ghana’s Wahu Mobility Seals Landmark Carbon Credit Deal with Switzerland

    May 21, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d