Timber Carbon

Timber Finance is shaking up the market for carbon removal credits

August 19, 2024 · 1 min read

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Printed article in Zürcher Wald 4/24: interview with Timber Finance on CO₂ storage certificates.

Zürcher Wald devotes issue 4/24 to the future of timber buildings and talks to Erik Reichmuth, Managing Director of Timber Finance, about a market that barely existed at the time: certificates for the carbon a timber building holds. Construction accounts for roughly a quarter of Swiss carbon emissions, which is why Reichmuth calls decarbonising the sector a Herculean task, and why he expects the timber industry to be one of its clear winners.

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Zürcher Wald

Published

August 19, 2024

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Carbon Removal Credits that put a figure on a building

The interview walks through how the mechanism works in practice. The carbon locked into the load-bearing structure of a completed building is quantified, verified and issued as storage certificates. Reichmuth uses the Pünt project as the worked example: around 2,000 tonnes of carbon held in the building, 1,462 tonnes of it certified at the time of the interview.

Die Dekarbonisierung der Bauwirtschaft ist eine Herkulesaufgabe.
Decarbonising the construction industry is a Herculean task.

Why this matters for forest owners

The second half of the interview turns to the forest. Between one and two million cubic metres of Swiss timber go unharvested every year, while three quarters of the construction timber used in the country is imported. Reichmuth argues that revenue from storage certificates flows back along that chain, to the building owner who commissions the timber and to the forest owner who supplies it, and that this is what turns a climate argument into an economic one.


Topics

forestrycarbon removalmediamass timber
Zürcher Wald

Source

Zürcher Wald

Forestry magazine for the canton of Zurich

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