News, Events & Insights

Chestnut Carbon Completes Sale of First IFM Carbon Removal Credits at $34 per Credit

April 17, 2024

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.

Read more