This seems silly for a number of reasons:
1) Mature forests are not net absorbers of CO2-trees absorb CO2 while growing, but release the same amount of carbon, in the form of CO2 and methane when they die, either via burning or decay. If the goal is carbon absorbtion it would make more sense to harvest climax trees and replant.
2) They are taking a large amount of potential builiding material off the market as it were. Sustainable timber production will have to be replaced with more destructive materials such as concrete or steel.
3) If you accept AGW as a real issue, portions of these forests will die as the climate changes and the existing species of trees become unsuitable for the resulting climate. By "protecting" these forests they eliminate the option of removing dead or dying trees from the forest. It would seem to make more sense to harvest trees in this situation and replant with appropriate species suitable for the "new" local climate.
But what the heck, it sounds good to the masses....
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