Offsets

Central Appalachia is home to the third-largest concentration of forest carbon offsets traded on the California carbon market. But while these projects bring new investments to Appalachia, most people in Appalachia are not benefiting. The effect of this new economic activity is evident in the Clearfork Valley, a forested region of steep hills and meandering creeks on the Kentucky-Tennessee border. Rural communities here once relied on coal mining jobs. As the mines shut down, with the last closing in 2022, the valley was left with thousands of acres of forests and strip-mined land but fewer ways to make a good living. Today, corporate landowners and investment funds have placed most of that forest land into carbon offset projects – valuing the trees for their ability to absorb carbon dioxide emissions to help protect the climate. These carbon offset projects can be lucrative for the landowner, with proceeds that can run into the millions of dollars. Companies subject...

Many of the companies promising “net-zero” emissions to protect the climate are relying on vast swaths of forests and what are known as carbon offsets to meet that goal. On paper, carbon offsets appear to balance out a company’s carbon emissions: The company pays to protect trees, which absorb carbon dioxide from the air. The company can then claim the absorbed carbon dioxide as an offset that reduces its net impact on the climate. However, our new satellite analysis reveals what researchers have suspected for years: Forest offsets might not actually be doing much for the climate. You can listen to more articles from The Conversation, narrated by Noa, here. When we looked at satellite tracking of carbon levels and logging activity in California forests, we found that carbon isn’t increasing in the state’s 37 offset project sites any more than in other areas, and timber companies aren’t logging less than they did before. The findings s...