Chestnut Carbon, a New York-based developer of nature-based carbon elimination credit, has accomplished its third tree-planting season since launching in 2022. The corporate has now planted greater than 17 million bushes throughout 30,000+ acres of beforehand unused or marginal land within the Southeastern United States.
Chestnut Carbon Grows the Largest Afforestation Challenge within the U.S.
With a stronghold in states like Arkansas, Mississippi, Alabama, Louisiana, Texas, and Oklahoma, the Chestnut Sustainable Restoration Project has already grown to cowl over twice the dimensions of Manhattan.
- It’s now the most important U.S.-based afforestation challenge listed on the Gold Normal®
Sarah Ford, Chief Forestry Officer at Chestnut, expressed pleasure by noting,
“We’re very pleased to continue the consistent planting and growth of the Chestnut Restoration Project. 30,000 acres planted is a significant step towards our goal of reforesting hundreds of thousands of acres by 2030, and this milestone highlights our commitment to revitalizing underperforming land with a long-term vision for environmental stewardship and community well-being.”
Chestnut’s Sustainable Restoration Challenge: Snapshot of Land Parcels
Turning Land Right into a Carbon Goldmine
Chestnut Carbon started planting bushes on unused farmland and pasture to seize and retailer carbon. The corporate distinguishes itself with these:
- Land Acquisition: Chestnut has acquired greater than 35,000 acres in six U.S. states. These embrace Arkansas, Louisiana, Alabama, Mississippi, Oklahoma, and Texas.
- Gold Standard® Verified Carbon Credit: These credit meet strict high quality and integrity requirements. This makes them interesting to firms centered on sustainability.
- Chestnut makes use of particular information instruments and development fashions. These assist enhance forest improvement and seize carbon successfully.
- Lengthy-Time period Sustainability: The corporate goals to create lasting, sturdy forests. These forests do greater than retailer carbon. Additionally they assist restore soil, retain water, and defend biodiversity.
Constructing Native Forests That Final for a Lifetime
They’re pioneering a robust deal with creating wholesome and long-lasting native forests. Notably, it follows the Forest Stewardship Council (FSC) requirements for accountable forest administration.
- It’s the primary U.S.-based afforestation challenge to be verified underneath FSC’s Verified Impression program for Biodiversity Conservation.
By planting varied native tree species, Chestnut Carbon is reviving the underused land. These new forests do a lot more than store carbon. They assist clear the air and water and supply secure habitats for native wildlife.
The Demand for Nature-Based mostly Carbon Removing is Excessive
Nature-based carbon removal is turning into a robust device within the struggle towards local weather change. Planting new forests or afforestation and restoring outdated ones (reforestation) are key elements of this effort. And the marketplace for these carbon credits is rising quick.
In line with McKinsey, the demand for voluntary carbon credit may attain 1.5 to 2 gigatons per yr by 2030. Nature-based options are anticipated to satisfy a giant a part of that demand.
Specialists additionally imagine the worldwide carbon credit score market could possibly be price $100 billion by 2030 and develop to $250 billion by 2050. Nature-based initiatives will play a significant position on this development.
Carbon Credit with Credibility: Chestnut Carbon’s Gold Normal Journey
With help from energy-focused investor Kimmeridge, Chestnut Carbon creates high-quality forest carbon offsets within the U.S.
Subsequently, it’s present process a strict certification course of underneath the Gold Normal to provide verified carbon credit. These credit will probably be bought to firms centered on reducing emissions and reaching their net-zero targets.
In line with Margaret Kim, CEO of Gold Normal.
“This milestone is a fantastic illustration of how the carbon market can deliver for nature. Forestry and other land use projects have a critical role to play in delivering high-integrity carbon removals while restoring ecosystems and supporting communities. At Gold Standard, we are committed to enabling projects that not only contribute to global climate goals but also drive tangible and verified impact for people and nature.”
In central Arkansas, Chestnut manages almost 4,000 acres. To spice up the native economic system, it has joined the Morrilton Chamber of Commerce and the Conway County Financial Improvement Company. Moreover, ArborGen Nursery provides seedlings, and DDK Forestry & Actual Property affords knowledgeable recommendation for these initiatives.
The 7MT Carbon Credit score Cope with Microsoft
Chestnut’s high-quality offsets have attracted main company consumers. The corporate secured a 25-year settlement with Microsoft to ship almost 8 million tonnes of carbon elimination, which is the most important deal within the U.S.
It additionally partnered with the Mercedes-AMG PETRONAS Components One Workforce, reflecting the rising demand for credible nature-based carbon options.
