On June 23, Amazon commenced its $2 billion Climate Pledge Fund to further endeavors to become net-zero by 2040.
In January 2020, Microsoft committed to invest $1 billion over the next four years as part of their Climate Innovation Fund. And on July 21, Apple committed to become 100 percent carbon neutral across its entire business, supply chain and product life cycle by 2030.
These commitments and investments along with those of other corporations have created an important source of demand and funding for forest carbon. While much of this capital will be used and already has been used for other carbon removal strategies and technologies, a significant portion of it has been and should continue to be available for forest carbon.
But corporations do not just go directly to and pay landowners willing to conserve their forest. Instead, carbon project developers that act as the intermediaries between the two making everything happen. There’s also a problem: Despite the billions of dollars put forth for carbon removal, the price per forest carbon credit is still not high […]
To date the price for a ton of forest carbon has stayed stable, making growth tricky. //Image courtesy of Conservation Finance Network.
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