#United States #New York #Carbon Credits #Chestnut Carbon #Forest Carbon Works

Chestnut Carbon Expands Forest Management Impact with Over 160K Acres Enrolled

Chestnut Carbon, a pioneering force in nature-based carbon project development, has made significant strides since its inception by enrolling over 160,000 acres in its Improved Forest Management (IFM) program, known as Forest Carbon Works. This initiative stands as one of the largest of its kind in the United States, connecting private landowners to income-generating carbon markets while ensuring the preservation of their forested environments.

For forest landowners across 36 states, this program not only offers financial rewards but also fosters sustainability. The IFM program simplifies the often complex carbon market processes into accessible membership services. With Chestnut's help, landowners can successfully engage in conservation efforts and carbon sequestration that are economically viable.

The program presents a myriad of benefits to its members, including:

• - Substantial Annual Payments: Members receive premium payments derived from the sale of carbon credits.
• - Expert Guidance: Landowners gain access to a wealth of knowledge in carbon project management and forestry.
• - Flexible Management Options: Members are provided with various options for timber harvesting and forest management, enabling them to maintain the health and productivity of their land.

Chestnut Carbon takes care of the project development from start to finish. Their team of experts manages everything from data collection to the submission of forest inventories for registered carbon projects. By partnering with landowners, they facilitate the sale of Verra-registered carbon credits on the Voluntary Carbon Market (VCM), sharing revenue with landowners while ensuring high returns.

A notable achievement for Chestnut Carbon was their recent issuance of over 66,000 tons of carbon removal credits, sold at an average price of $34 per ton, totaling approximately $2.2 million. Such transactions underscore the program's success in creating tangible financial gains for landowners while promoting environmental stewardship.

One member, Three Peaks Maple in Newark, Vermont, expressed, "Enrolling with Chestnut Carbon's Forest Carbon Works program allows us to conserve our land as the diverse working forest it is. The steady stream of annual income from this program supports forest management on our property while protecting valuable co-benefits that large forest blocks like ours offer, including biodiversity, water quality, soil retention, and carbon sequestration."

Shannon Smith, Chestnut Carbon's Chief Commercial Officer, remarked on the expansion of their IFM program, stating, "We are thrilled with the growth of our IFM program footprint, supporting U.S. landowners with financial benefits for long-term conservation and climate-smart management of their land. Our removal credits stand out in the market, presenting a direct, measurable way to offset carbon emissions."

Founded in 2022 with backing from Kimmeridge, a well-known alternative asset manager focusing on energy, Chestnut Carbon is driven by an experienced team adept in forestry, carbon regulations, environmental science, finance, and land management. The company's mission is to produce high-quality carbon offsets that are both additional and verifiable, helping various industries move towards net-zero emissions.

For further insights into Chestnut's initiatives and their commitment to environmental stewardship, visit Chestnut Carbon's website. By facilitating access to carbon markets, Chestnut Carbon is not only enhancing the economic viability of forest management but also significantly contributing to broader environmental goals. Their innovative approach is setting the stage for a sustainable future, where conservation and commerce can coexist harmoniously.