Forests Could Offset Emissions and Boost Economy Under Right Policies
The study looked at how forests in Australia could help soak up carbon dioxide to fight climate change. They wanted to see how much money forests could make by capturing carbon, depending on different prices and ways of calculating the carbon. Using a special model, they found that the money forests could bring in from capturing carbon relies on how much carbon is worth and how the calculations are done. So, the amount of help forests could give depends on the price of carbon and the carbon accounting methods used.