The American Forest Foundation will hold the US's first nature-based carbon credit auction in February 2025. The group hopes auctions like this one will help...
"We are trying to address several pain points that exist in the current voluntary market for buyers of carbon credit s, but also for landowners who are seeking to participate in the market," Nate Truitt , executive vice president of climate funding at the American Forest Foundation , told Yahoo Finance.
Another feature of AFF's auction will be an advance funding mechanism. In addition to bidding on the number and price of carbon credits to be delivered at a later date, companies will determine a percentage they are willing to pay for up-front in exchange for a discount.Truitt underscored that many projects are ready to get off the ground.
He and his brother have managed the heavily forested property for the past 40 years, and after evaluating different carbon projects, their family enrolled in the Family Forest Carbon Program. Stout, who now sits on AFF's board, said he was motivated to sign a contract with the Family Forest Carbon Program by his concerns over climate change. He also feels a strong calling to preserve the woodland for future generations and educate other small landowners about sustainable forestry.
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American Forest Foundation Nate Truitt AFF Carbon Market Carbon Sequestration Forest Carbon
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