Billions in funds could be produced
The Advocate article by Amy Wold Read More
The ability of coastal wetlands to absorb, and retain, carbon dioxide and other greenhouse gases could be a means to help restore parts of Louisiana’s disappearing coastline, according to a new report released Thursday.
The amount of carbon credits that could be generated by some coastal restoration techniques could produce between $400 million and $1 billion in revenue that could go toward coastal restoration in the state. An additional $140 million up to $630 million could be generated by preventing wetlands loss, which would stop carbon stored in these wetlands from being released.
“I don’t see carbon fully funding a coastal restoration project, but I see it could help fund projects,” said Sarah Mack, one of the report’s authors and president and CEO of Tierra Resources.
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