“As you know, there is too much carbon in our atmosphere, which increases global warming and creates negative consequences for our environment in numerous ways, such as rising sea levels. However, we can help offset these carbon emissions that have dramatically increased so much since the industrial revolution. Forests are carbon sinks and can absorb this atmospheric carbon to a great extent. However, the world’s forests are being dramatically lost at an alarming rate annually due to logging and agriculture, and we urgently need to preserve and protect them. So, the question is, how do we save our forests and the biodiversity they hold? One answer lies in economic and market-based solutions, to help solve what is essentially an economic issue.
“Since the Kyoto Protocol, and over the last few decades since, international agreements and financial market mechanisms have been created to recognize and value carbon credits generated by forest carbon sinks. A carbon credit represents a measurable unit of carbon absorbed from our atmosphere. Each forest can annually absorb a certain amount of carbon. This amount of carbon absorption is divided into smaller units and can be sold as equivalent carbon credits, to organizations that emit carbon and wish to offset or negate their carbon emissions. For example, an airline company can help offset their fleet’s carbon emissions by purchasing the equivalent number of carbon credits in a rainforest project, right here in Belize, to help achieve their goal of carbon neutrality; by absorbing the equivalent amount of carbon from the atmosphere than they emit.
We want that company to buy those credits for the highest price possible to make that forest very valuable for the communities here and the people. We want that forest to stay intact, keep the biodiversity there, and be more valuable than for logging, and stripping it out. We want to keep it here for the future, forever, and grow it.”