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Forest carbon offsets on the agenda as France’s One Planet Summit confronts biodiversity loss

Forest carbon offsets on the agenda as France’s One Planet Summit confronts biodiversity loss

One outcome observers are hoping for today is “some significant announcement” on public financing for nature-related climate action focused primarily on forests, said Eron Bloomgarden, executive director of New York based forest finance accelerator Emergent. Already, he told The Energy Mix in a weekend interview, Norway has announced a floor carbon price of US$10 per tonne, essentially promising to act as buyer of last resort for any offsets for reforestation activities if private bids come in below the minimum.

 

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