A landowner in Indonesia may soon find it more profitable to sell carbon credits from untouched forest than to clear the land for agriculture, according to new research. As a case study, the researchers looked at 8.2 million acres that are slated to become plantations in Kalimantan, the Indonesian region of the island of Borneo.
The researchers found that paying to conserve the forest was more valuable than plantations as long as poorer nations could earn between $10 and $33 for each tonne of CO2 saved. Currently a credit representing a tonne of CO2 sells for about $20 in the European Union, which has the world’s largest greenhouse gas trading system [The New York Times].
Since forests act like sponges for carbon dioxide, the principal greenhouse gas driving global warming, they can play a role in carbon credit markets that are used in international climate treaties. Industries that can't cut ...
