By Brian Page
I NOTE calls from the forestry industry to plant a billion new trees and the issue of water rights, plus opportunities for our most important industry.
Carbon credits is a core issue and one recent and accurate estimate is that an average sized tree over a 50 year life produces oxygen worth about $30,000 in today’s money or about $600 per tree each year.
But forest trees being much larger with typical tree life 25 years produce much more oxygen, perhaps double and a conservative $900 a tree per annum equates to an annual carbon value (or oxygen value) for a billion trees of at least $900b per annum.
Trees are by far the biggest