If 1% of the total cost of the product is what it takes to cover the environmental damages of that product, would you mind paying the additional 1%?
No
Who decides how that money is spent? What mechanism exists to keep them from becoming corrupt? Until those questions are answered the answer is no.
The funds are then invested on tree planting projects and forest conservation projects. All transactions are 100% transparent and verifiable.
Good point! The 1% that is added will be used by the company to offset their carbon emission by purchasing carbon credits.