The financial benefits of forest carbon credits will continue to grow as the carbon tax increases in the coming years, a UBC forest research associate predicts.
North Cowichan’s standing forests have economic value
North Cowichan Mayor Al Siebring recently referenced an opinion piece written by some of Canada’s senior timber industry officials who support the notion that it is better to log trees for profit before they grow old and turn into carbon and methane emitters. The Mayor said on Facebook that the industry comments were “apropos to the discussion about our Municipal Forest Reserve,” which could be interpreted as providing justification for continued harvesting and not allowing our forests to reach maturity.
How a private timber company turned a tidy profit by not cutting old-growth trees in the Cowichan Valley