Wildfires Break Forest‑Offset Permanence

Large, investor‑grade forest carbon projects that sell 100‑year credits can be wiped out in a single fire season, converting tradable climate assets into stranded liabilities. When offsets are located across state lines and receive favorable regulatory designations before mitigation measures exist, the financial and policy risk concentrates for regulators, buyers, and taxpayers. — This reframes carbon offsets from a technical accounting tool to a systemic risk vector that can collapse compliance markets, invite litigation, and undermine climate mandates.