Friday, February 22, 2008

way to go, public employees

A Small Bet on Big Trees Posted by Keith Johnson

CalPERS, the big public pension fund, has decided that mounting concern about climate change is making trees a better investment.

The $253 billion pension fund sees two ways to make money from the move. Forests yield biomass, an increasingly popular fuel source. And because forests store carbon dioxide, keeping them intact is like cutting CO2 emissions elsewhere–which is starting to have an economic payback.