One of the many great things about markets is that they encourage learning. Isaac Orr at The Center of the American Experiment has an excellent article with a great title:
Capitalism is Saving the Planet Part Six: Minnesota Forests Are Flourishing
It is expected good news because capitalism and markets learns what generates profits and what the consumer wants. You should, of course, read it all to get the details. And you can savor the title again. We will give you Isaac’s conclusion:
Using these technologies [see here] is not only good for the timber industry’s bottom line, they are good for the forests themselves. Rather than being an opponent of healthy forests, the capitalist timber industry is more invested in forest health than any other stakeholder, and therefore they have the most incentive to ensure Minnesota forests are healthy and vibrant.
Although Isaac uses environment as a category he doesn’t remind us that trees are natural carbon eaters. The link tells us:
As a tree matures, it can consume 48 pounds of carbon dioxide per year (among other greenhouse gases like ozone), and releases enough oxygen for you to breathe for two years!
So the one billion additional trees in Minnesota will be eating 48 billion pounds of CO2 per year. According to Wikipedia, Minnesota produces just under 90 million metric tons of CO2. A metric ton is 2205 pounds so this is a big deal in term of arresting CO2 growth even if we are not entirely convinced of all the numbers. We are working to find Isaac’s other five parts.