The Estonian company makes money in the forests without cutting them

15.02.2021. / 8:20

TALIN – The Estonian company Single Earth earns on forest wealth without cutting down trees. It operates in the carbon credit market, and its purpose is to reduce emissions of this harmful gas.

FOTO: Pixabay

The company mediates between forest owners and other companies. To compensate for carbon emissions and preserve biodiversity, companies pay owners of forest areas and wetlands to protect these natural environments.

In this way, Single Earth contributes to the exploitation of the benefits of forests, which are the absorption of carbon dioxide and the increase of biodiversity. This encourages owners to protect their forest areas.

Estonia is among the countries that are very rich in forests. More than half of the country is covered with forest. However, large-scale deforestation is taking place throughout Europe.

At Single Earth, they hope to expand the business to the entire world, and it is a market that could be worth $ 500 billion by 2050. This is expected to result in a reduction in deforestation on an area of ​​10 million hectares each year, the World Economic Forum (WEF) said.


Source: Capital.ba – Informacija je capital by www.capital.ba.

*The article has been translated based on the content of Capital.ba – Informacija je capital by www.capital.ba. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!