ImpactAlpha, March 21 — New York- and Denver-based asset manager Kimmeridge is investing up to $200 million to launch a platform for nature-based carbon offsets. The firm says Chestnut Carbon will generate forest carbon offsets verified for accuracy and integrity.
“The harsh reality is that some emissions cannot be immediately replaced with carbon-free alternatives in a feasible or cost-effective manner,” said Kimmeridge’s Ben Dell. “Nature-based solutions sit near the low end of the carbon-abatement cost curve, with the greatest potential for implementation at scale.”
Kimmeridge recently acquired Forest Carbon Works, a B-Corp. that develops forest carbon offsets on smaller, family-owned forestland. Forest Carbon Works will combine with Chestnut Carbon to build a 500,000-acre U.S. reforestation portfolio by 2030. Share this post.
