CERAWEEK: Forestry-based carbon solutions 'will be a huge market' in reaching net-zero

"We really believe that nature-based solutions can achieve 10 billion mt/year," said Hannah Hauman of the commodity trading house Trafigura during the CERAWeek by S&P Global Commodity Insights conference in Houston. Trafigura launched a carbon trading desk last year and announced March 10 it was purchasing credits from a mangrove restoration project in Pakistan that could sequester an estimated 142 million mt of CO2-equivalent over a 60-year period.

This article was originally published by S&P Global Platts on the 10 March 2022.

Read the full article: https://www.spglobal.com/commodity-insights/en/market-insights/latest-news/energy-transition/031022-ceraweek-forestry-based-carbon-solutions-will-be-a-huge-market-in-reaching-net-zero

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