Environment: Offsetting fossil fuel reserves by planting trees faces ‘unsurmountable challenges’
New forests larger than the land area of North America would need to be planted to offset the potential carbon dioxide emissions from the fossil fuel reserves currently held by the world’s 200 largest fossil fuels companies. The finding comes from an analysis published in Communications Earth & Environment, which also suggests that most of the companies would have a negative market valuation if the cost to offset their entire reserves was deducted from their current valuation. Future emissions scenarios usually include both a reduction in carbon dioxide emissions and some offsetting of these emissions. Offsetting is necessary as most scenarios assume that during ...
Read the release