Darkwoods, the murky world of carbon credits and a 'carbon neutral' B.C. government | rabble.ca
Based on the number of credits sold and the selling price, the sale worked out to roughly $5.70 a tonne. While PCT will not disclose what it paid for the 403,112 tonnes of credits it purchased from the NCC, the price that PCT's captive public sector "clients" are required to pay is known. That price is $25 a tonne, or more than four times the average price generated from the Darkwoods carbon credit sale, meaning that public sector entities including school districts and health authorities will fork out $10.07 million to help meet the government's carbon neutrality goals.
And that's just the beginning of where things get murky from a public policy perspective. Just how much additional carbon has actually been stored at Darkwoods since the NCC stepped in to purchase them in 2008?
Well, it turns out the answer to that question is, at best, hypothetical. Here's why.
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