Chestnut Carbon, Developer of the Largest Gold Standard Afforestation Project in the US, Completes Planting of 10 Million Trees
NEW YORK, April 8, 2024 /PRNewswire/ -- Chestnut Carbon ("Chestnut"), a pioneering nature-based carbon removal developer, today announced the completion of the second phase of its US afforestation project, which includes the planting of 10 million trees and the acquisition of over 21,000 acres of marginal crop and pastureland – equivalent to 1.5x the size of Manhattan. With its first 10 million trees, Chestnut Carbon will sequester approximately 5 million tons of CO₂ over the next 50 years. This represents the largest US afforestation project to date registered with the Gold Standard for Global Goals, the industry's leading certification standard.
- With its first 10 million trees, Chestnut Carbon will sequester approximately 5 million tons of CO₂ over the next 50 years.
- This represents the largest US afforestation project to date registered with the Gold Standard for Global Goals, the industry's leading certification standard.
- The Chestnut afforestation project has also generated benefits for local communities in which we operate.
- Chestnut places its Stakeholder Engagement commitment at the center of its project design.