Removing Cardon Dioxide from the atmosphere
Trees capture the atmospheric greenhouse gas, carbon dioxide (CO2), for photosynthesis, releasing oxygen as a waste product. Photosynthesis is vital for all aerobic life on Earth.
City Forests' is now operating at a near sustainable level of harvest and with an uneven mix of age classes our total net balance of carbon stored, after harvesting and replanting, will tend to fluctuate around a neutral level. In the 2020-21 year the net balance stored in our forests decreased by 6% to 1.75 million tonnes of carbon.
In 2021 the company's registered post-1989 forests again sequestered over 180,000 tCO2-e.
The company started carbon trading in 2010 under the New Zealand Emissions Trading Scheme. To date we have achieved net sales of approximately $39.9 million.