French energy giant TotalEnergies has committed $100 million to a series of sustainable forestry projects in the United States, aiming to generate carbon credits to meet the company’s emissions goals beyond 2030.
Springtime inside Great Smoky Mountains National Park, US. AI generated picture.
The investment will fund 20 Improved Forest Management (IFM) projects across 300,000 hectares in 10 eastern US states. These projects focus on protecting forests from excessive timber harvesting, promoting sustainable management practices, and increasing their capacity to absorb carbon from the atmosphere.
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TotalEnergies plans to use the carbon credits generated by these projects to offset its post-2030 direct emissions, including those from company-owned resources (Scope 1) and emissions linked to purchased energy (Scope 2). This investment forms part of the company’s broader commitment to allocate $100 million annually to nature-based carbon projects, aiming to generate at least 5 million carbon credits for future offsetting needs.
Read more: Reforestation and afforestation projects around the world: success stories and lessons learned
Partnering with US-based carbon market firms Anew Climate and Aurora Sustainable Lands, TotalEnergies emphasised that its initiatives align with the voluntary carbon market principles introduced by the US government in May. Adrien Henry, vice president for nature-based solutions at TotalEnergies, highlighted the company’s dedication to maintaining integrity and transparency in these markets through its recent investments.
Carbon footprint compensation is more than just an environmental obligation; it is a crucial step toward a sustainable future. DGB Group’s nature-based projects, such as reforestation and afforestation, provide companies with effective solutions to compensate for their unavoidable carbon emissions while contributing to ecosystem restoration and community welfare. By investing in these long-term initiatives, businesses can play a vital role in building a greener, more resilient world for future generations.
Learn all about DGB’s nature-based carbon units
