Redwoods, renowned for their rapid growth and exceptional carbon sequestration capabilities, present a unique opportunity for entities participating in the ETS to optimize their carbon credit portfolios. In the unique context of New Zealand, harnessing the strengths of redwoods for carbon credit initiatives presents a multifaceted approach to address climate change, biodiversity conservation, and sustainable resource management. Below are 4 benefits that support the use of redwoods for carbon forestry.
1.Carbon Sequestration Efficiency: Redwoods, also known as Sequoia sempervirens, are renowned for their rapid growth and efficient carbon sequestration capabilities. These trees can absorb and store significant amounts of carbon dioxide from the atmosphere, helping to mitigate climate change. On the right sites, Redwoods can far exceed Pine in the ability to sequester CO2.
2. Long Lifespan and Stability: Redwoods are known for their longevity, with some trees living for thousands of years. This long lifespan contributes to the stability of carbon storage over extended periods. Investing in redwoods for carbon credits can offer a reliable and lasting solution for carbon sequestration, providing a sustained impact on reducing atmospheric carbon dioxide levels for years. Redwoods have the ability to help NZ meet our 2050 climate change goals.
3. Commercial Viability and Sustainable Management: Redwoods have commercial value, as they can be harvested for timber. This presents an opportunity for sustainable management practices, where carefully planned harvesting can provide economic benefits while maintaining the overall carbon sequestration capacity of the forest. The revenue generated from timber sales can support the ongoing financial viability of the forest.
4. Ability to Coppice: The minimum required canopy cover for the ETS (Emissions trading scheme) is 30% per hectare. Redwoods have the ability to efficiently coppice, whether you choose to fell some or they fall victim to wind, Redwoods can regrow multiple stems from the stump, helping to ensure there is still a 30% canopy cover. Redwoods are particularly adept at coppicing, producing dense regrowth.
While Redwoods offer valuable benefits for carbon sequestration and commercial reasons. However their suitability should be carefully evaluated to provide the best outcome for you and the land they grow on. A balanced approach, considering environmental compatibility and complementing strategies, is crucial for maximizing their benefits and minimizing risks.