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☁️ "What Happens After Forests Burn?"

Climate Now

Table of Contents

Host: James Lawler
Guest: Grant Canary | CEO | Mast Reforestation
Category: ☁️ Carbon | Reforestation
Original: 33 min | Time Saved: 32 min

Main Takeaways:

  • Grant Canary leads Mast Reforestation, a company using drones and innovative techniques to replant forests destroyed by wildfires. Wildfires now burn an average of 7.5 million acres per year in the U.S., up from 2.5 million acres in the 1980s and 1990s.
  • The 2020 California wildfire season alone emitted around 127 million metric tons of carbon, wiping out 18 years of emissions reductions from clean energy and EVs. High severity fires are destroying seeds stored in soil that allow forests to regrow naturally.
  • Reforestation costs millions per project, so revenue from carbon removal credits sold to companies is crucial for funding the work. Climate Action Reserve methodologies require 100+ years of monitoring, easements for tree density, and insurance pools to manage risk.
  • We need emissions reductions and carbon removals to address climate change, since warming is already locked in from existing emissions. As the carbon removal market grows, it can help pay for nurturing ecosystems beyond just carbon storage, providing "co-benefits" like biodiversity, water quality, etc.
  • Creating markets, regulations and incentives to value ecosystem services could better link economic activity with ecological health. Ratepayers sometimes pay small premiums on utility bills that fund tree planting for communal benefits like cooling water or air.

Essential Bite:

[00:18:00] GC: "A couple thousand acres can [cost] 4 or 5 million to reforest. And where does that money come from? Carbon removal credits. Without carbon removal credits, there’s no money for our work with reforestation."

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🗓️ 07/24/2023

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