Dublin, Oct. 06, 2023 (GLOBE NEWSWIRE) -- In a ground-breaking move, Dubai-based Blue Carbon has entered into a $1.5 billion agreement with Zimbabwe, focusing on creating carbon credits from projects spanning nearly one-fifth of the country's total land. This monumental deal, alongside the increasing popularity of forest-based carbon credits, is precisely the focus of the latest market report, “Forest Carbon Markets: How Demand for Forest Carbon Credits is Shaping Wood Markets.” added to the ResearchandMarkets.com offering.
Forests play a pivotal role in mitigating the global climate crisis. Recognising this, about 25% of worldwide carbon dioxide emissions are now subject to pricing mechanisms, with forestry emerging as a preferred source of carbon credits. The comprehensive study delves deeply into this growing significance of forests in the climate change battle, the escalation in carbon pricing tactics, and the expanding market for forest carbon.
As highlighted in the report, forests have a dual advantage in addressing climate change. They act as carbon sinks, absorbing more carbon than they emit, and play a crucial role in offsetting carbon footprints. For regions such as the US, EU, and New Zealand, the report brings forth intriguing case studies, shedding light on how these areas are capitalising on their woodlands for a better climate future.
Key questions answered by the research include:
- How forests, varying by world regions, are instrumental in confronting climate change.
- The evolving strategies of regulators in carbon pricing.
- An overview of the forest carbon market - from its size and growth to significant players.
- The origin and trading of carbon credits.
- A look into how forest owners monetise through carbon credits.
- The influence of the demand for forest carbon credits on forestry management and potential implications on future wood supply.
Moreover, insights from established forest carbon markets in the US, EU, and NZ provide a broader understanding of the trends, successes, and challenges encountered in these regions.
The report is indispensable for a diverse range of stakeholders, from North American, European, and Oceanian forest owners to timberland investors, wood buyers, carbon credit traders, and more. It is equally beneficial for forest carbon project developers, government bodies, NGOs, industry consultants, and suppliers to the forestry sector.
Blue Carbon's deal with Zimbabwe – their fourth major venture in Africa this year – signifies the increasing global emphasis on nature-based carbon offset strategies. These alliances, coupled with the rising need for wood resources, are transforming how we perceive and utilise forests.
Stay ahead of the curve, understand the dynamics of forest carbon markets, and make informed decisions by diving into our exhaustive report. As forests play a more central role in our planet's health, being equipped with the right knowledge can shape the future of industries, economies, and global climate action.
For more information about this report visit https://www.researchandmarkets.com/r/5i7msb
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