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.
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.
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