Forest Carbon Payments
Companies are paying forest owners to keep their trees so that the forest can continue to absorb carbon from the atmosphere. This is how White’s Woods can earn revenue for the residents of White Township and help to address larger environmental concerns, as well.
The Specifics. Contingent on meeting protocol standards, Allegheny Land Trust (ALT) is offering to facilitate payments of an estimated $211,000, to be paid within the first three to five years of the contract, to keep the White's Woods forest intact.
Is this a good price? ALT says the market price is the best available based on their experience and information from others. The total payments offered are roughly three to five times higher than other landowners have received.
Why is the payment so high? Because ALT (and City Forest Credits, who certify carbon offset credits) places extra value on urban forests: Urban forests help control stormwater run-off, help mediate regional temperature, and, also, absorb a variety of air pollutants - sulfur dioxide, nitrogen dioxide, as well as carbon. The WWNC is a very valuable urban forest.
How long is the contract? The ALT offer specifies that the White’s Woods Nature Center canopy cannot be disturbed for 40 years. But this is a SHORT timeframe compared to the century-long carbon sequestration contracts that are common!
Did you know: White Township may receive more than $211,000 by leaving the forest intact?
White's Woods is one answer . . .
The 2020s: A Natural Solution to Climate Change (The Importance of Trees)
The Nature Conservancy
How Carbon Markets Help Fight Climate Change
The Nature Conservancy
White’s Woods Carbon Sequestration
Webinar: Carbon Sequestrian for White's Woods, Alyson Fearon, Senior Director of Community Conservation and Resilience, Allegheny Land Trust. (Passcode: Webinar#9)
Benefits of Trees
Growing over 20 years in Ohio, USA, one red maple can:
Remove 3,100 pounds of carbon dioxide from the atmosphere.
Reduce the emissions of 5,500 pounds of carbon dioxide and 30 pounds of air pollution from a power plant.
Save 570 kWh of electricity and 20 MMBtu of fuel for cooling and heating.
Intercept 27,000 gallons of rainfall and avoid 4,800 gallons of runoff.
Filter 15 pounds of ozone, nitrogen dioxide, and sulfur dioxide from the air we breathe.