HomeCarbon MarketsKimmeridge Invests $200M into Carbon Start-up

Kimmeridge Invests $200M into Carbon Start-up

Private equity firm Kimmeridge is investing up to $200 million into its own start-up Chestnut Carbon.

Chestnut plans on developing high-quality nature-based carbon offsets. Part of that strategy includes developing new forests by planting trees on 500,000 acres across the U.S.

Chestnut earlier announced its strategic acquisition of forest carbon offsets firm “Forest Carbon Works” (FCW).

What does Kimmeridge carbon offsets investment include?

Kimmeridge’s focus is on energy solutions and launched Chestnut Carbon to generate high-quality forest carbon offsets.

These carbon offsets are biodiverse and verifiable to help Chestnut speed up its way to net zero. Chestnut will focus on forest conservation and reforestation efforts to achieve its goals.

Third-party carbon offset registries will verify the company’s earned credits for accuracy and integrity. In this case, Kimmeridge’s carbon offset investment in Chestnut will help expand access to carbon markets.

How The Merger Will Work

FCW is well-known for developing efficient and accurate approaches in assessing carbon inventories. It uses carbon finance in supporting the conservation of 270 million acres of forests. And so, Kimmeridge carbon offsets investment in Chestnut also means benefitting FCW’s expertise.

Kimmeridge’s expertise is in land aggregation, making Chestnut a strategic platform for carbon offsets.

One of the major strengths of this partnership is the focus on small forest communities. FCW empowers small landowners by giving them access to carbon market revenue streams.

The fresh capital that Kimmeridge provides through Chestnut will support FWC’s current works.

Forest carbon credits are generating a lot of interest from the investment world, last year Amazon made a major investment into the rainforest and Oak Hill acquired 1 million acres of forest for carbon credits.

Most Popular
LATEST CARBON NEWS

WEF and Indonesia Join Hand to Boost Blue Carbon Credits

The World Economic Forum (WEF) and Indonesia have signed a partnership to ramp up the nation’s blue carbon efforts as well as address the...

T-Mobile Commits to 2040 Net Zero Target

T-Mobile revealed its net zero emissions target across all Scopes - 1, 2, and 3 - with the Science Based Targets initiative’s (SBTi) approval. T-Mobile’s...

BP’s 2023 Outlook for Global Energy Transition: Key Takeaways

BP Energy Outlook 2023 unlocks the key trends and insights surrounding the global energy transition out to 2050.  The 2023 Energy Outlook’s three main scenarios...

Wildfires Cost Over $148B and 30% of Emissions

A new report by Dryad Networks unveiled the hidden costs and impacts of wildfires, its carbon emissions, and how early detection can prevent huge...
CARBON INVESTOR EDUCATION

Abandoned Oil Wells and Carbon Credits

You’ve probably seen dozens of pictures before that look exactly like the one above. An active oil field littered with pumpjacks, all churning out oil...

Is Offsetting Carbon Worth It?

Is offsetting carbon worth it? This question has never been more controversial right now and it deserves a good answer, especially if you're into...

How Does Carbon Capture and Utilization Work?

Carbon capture and utilization technology is not only useful, but a necessary strategy to reduce atmospheric CO2 levels, and stall an increase in global...

Top 4 Carbon Stocks To Watch In 2023

Carbon stocks, credits and capture technology are getting a lot of interest from investors. Companies will attract even more capital in 2023.