Major Win for City Forests with First-of-its-Kind Carbon Credit Sale
Retrieved on:
Wednesday, April 6, 2022
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SEATTLE, April 6, 2022 /PRNewswire/ -- Regen Network, a technology company developing a global marketplace for earth's ecosystem assets, services, and data, has purchased all the city forest carbon credits currently available in the United States.
Key Points:
- Regen Network intends to digitize the credits and offer them for sale through their blockchain platform in the coming months.
- The sale price is among the highest ever paid for forest carbon credits.
- The most recent published pricing for global forest carbon credits in 2020 wasbetween $2 and $10per credit.
- The credits were issued by City Forest Credits , a non-profit 501(c)(3) carbon registry dedicated solely to urban forest carbon.