NEW YORK, April 17, 2024 /PRNewswire/ -- Chestnut Carbon ("Chestnut"), a leading developer of nature-based carbon removal solutions, today announced the sale of its first Improved Forest Management (IFM) carbon removal credits to a large corporate buyer at a price of $34 per credit, a premium to recent publicly announced transactions. These IFM credits are exclusively removal credits sourced from Chestnut's forested properties in the southeastern United States.
The higher price point of Chestnut's IFM credits reflects the exceptional quality of the company's offerings and an increasing appreciation for removal credits that can demonstrate true additionality and durability. Chestnut's conservative crediting approach ensures additionality, and the company's direct ownership of the land underpins their durability. Furthermore, these credits are certified through Verra on the voluntary carbon market (VCM) and undergo rigorous third-party audits. The sale marks a significant milestone for Chestnut Carbon and the broader climate action community.
Key Highlights:
- 100% Carbon Removal: Unlike most IFM credits which are a blend of avoidance and removal methodologies, Chestnut only sells removal credits. These represent emissions removed from the atmosphere and sequestered in new growth, and align with what many sustainability-focused buyers ...