Climate policy assumed forests store carbon, but in bad fire years many Western forests now release more than they absorb. The episode covers drought and beetle die-offs, the dispute over whether California's forests flipped from sink to source, and wildfire's draw on the offset program's insurance pool. Method choices change the sign of the ledger; the direction of travel stays the same.
Whether California's forests have truly flipped from carbon sink to source depends on method, boundaries, and baseline, and analysts dispute it. Officials and critics also disagree on whether the offset buffer pool can be recapitalized or the program's fire-risk pricing is broken.



