CERAWEEK: Forestry-based carbon solutions 'will be a huge market' in reaching net-zero
Published on10 Mar 2022
"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.