April 28, 2023 - Your Scoop in CDR!
Mongabay News - 4/27/23 (Please read entire story)
Saving forests to protect coastal ecosystems: Japan sets historic example- An 1897 law created protection forests to conserve a variety of ecosystem services. “Fish forests,” one type of protection forest, conserve watershed woodlands and offer benefits to coastal fisheries, including shade, soil erosion reduction, and the provision of nutrients.
Beginning in the late 1980s, fishers across Japan started planting trees in coastal watersheds that feed into their fishing grounds, helping launch the nation’s environmental movement. Although the fishers felt from experience that healthy forests contribute to healthy seas, science for many years offered little evidence.
New research using environmental DNA metabarcoding analysis confirms that greater forest cover in Japan’s watersheds contributes to a greater number of vulnerable coastal fish species. Lessons learned via Japan’s protection and fish forests could benefit nations the world over as the environmental crisis deepens.
Inside Climate News Link Most Federal Forest is Mature and Old Growth. Now the Question Is Whether to Protect It- The Biden administration completes inventory, launches plan for new rules on "climate resilience" for forests. Meanwhile, logging continues in carbon-rich federal stands. More than 60 percent of the trees managed by the U.S. Forest Service and Bureau of Land Management make up mature or old-growth forest—nearly double previous estimates—according to an inventory that the Biden administration unveiled Thursday. The first-of-its-kind census shows that the two agencies are stewards of a total 112.8 million acres of mature and old-growth trees—a tally that President Joe Biden ordered one year ago in light of the important role older trees play in absorbing and storing carbon from the atmosphere.
A 2 minute Southpole commercial for carbon credits (This is a commercial for a company selling credits but it is a clear explainer video)
Carbon herald report on NextGen CDR Facility Makes Historic Purchase Of 193,125T Of Carbon Removals NextGen CDR Facility (NextGen) – a joint venture between South Pole and Mitsubishi Corporation established in 2022, announced on April 26th its first advanced carbon dioxide removals purchase of 193,125 metric tons from high-quality carbon removal projects. The purchase encompasses the world’s largest diversified portfolio of CDRs offering 1000+ years of CO2 storage once delivered.
NextGen CDR Facility was launched by South Pole and Mitsubishi Corporation with founding buyers Boston Consulting Group, LGT, Mitsui O.S.K. Lines, Swiss Re, and UBS with the goal of catalyzing the market for high-quality carbon removals. The joint venture plans to purchase over 1 million metric tons of verified carbon dioxide removals (CDRs) by 2025, with the verified credits to be delivered by 2030.