CNBC European Business | Can Money Grow
On Trees?
There is a new wave of entrepreneurs aiming to get rich by saving the rainforests.Co2-hysteric Mike Tidwell boasts about his corn-heated house
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Ever wanted to get rich by doing absolutely nothing? In a bizarre way that’s what a bunch of new entrepreneurs and large corporations are trying to do. The formula is ridiculously simple: buy up or lease a tract of rainforest, prop up a deckchair and watch it grow. Put a financial price on its mere existence and sell a range of ‘products’ – called ecosystem services – to polluters. If trees could hear, they’d be setting up trade unions.
Is this the last and most crucial frontier in addressing climate change or a slightly daft get-rich-quick scam?
...The stove can store up to two days worth of corn in a side bin and self-loads the corn with a low-energy electric auger. All you have to do is set the stove to the heating level you want and enjoy the radiant heat.
Burning corn contributes almost nothing to global warming if the corn is raised responsibly through "no-till" planting and organic fertilization. Like all plant material, corn absorbs CO2 as it grows, and, with this stove, the corn burns so efficiently that the net CO2 released is at least 85 percent less than with natural gas heating. Moreover, corn is cheaper than natural gas -- I save $200-$600 per winter -- and it's easily purchased here in the Washington area thanks to the urban corn silo and corn home-heating cooperative I've set up with 16 other local families. And corn is an almost endless energy source. Studies show American farmers can grow ten times more corn than is needed to meet all of America's energy needs. So it's good for farmers, good for the climate, easy to use, saves money. No brainer.
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