This a riskless transaction for Google. It’s a projection from the current $350 levels and the industry has been chatting a while as to how to ultimately get to the magic $100 level.
At least Ms. Timofte fully admits that this contract is a gamble: “self fulfilling prophecy”. If not, Holocene will be bk with catastrophic losses and Google can punt not being compliant.
There's plenty of reasons to plant trees, but capturing CO2 isn't really a great one (and certainly doesn't look like people imagine: if you actually want to capture CO2 you need to basically grow artificial forest aiming for maximum wood output, then cut down all the trees and bury them, rinse and repeat. It doesn't look like restoring old growth forest, which is good for biodiversity and the stability of the ecosystem but basically carbon neutral.)
