Forest, a carbon sink, brings profits to farm
By YUAN HUI and YANG MIN in Hohhot |
chinadaily.com.cn |
Updated: 2022-09-06 16:35
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Forests offer net carbon, as they take in more carbon than they emit and thus have commercial value, as the surplus carbon can be traded. Carbon trading is the process of buying and selling permits and credits for manufacturers and other concerns to emit CO2.
The company completed three carbon sink transactions in 2017, 2018 and 2021, generating total revenue of 4.19 million yuan ($629,000). To top it off, the forest is expected to have more than 1 million metric tons of carbon emission reductions available for sale in the future.
