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deal · 26 February 2025
JPMorganChase ↔ Chestnut Carbon
JPMorganChase: a firm purchase of 64,000 t of improved forest management removal from Chestnut Carbon.
BuyerJPMorganChase
SupplierChestnut Carbon
Tonnes64,000 t
Amount$2,200,000
Price$34 per tonne
Capture pathwayImproved forest management
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionImproved Forest Management (IFM) carbon removal credits from forest conservation membership program (Forest Carbon Works). Credits represent 100% carbon removal (not avoidance), measuring emissions removed from atmosphere and sequestered in new growth. Highly additional, protecting at-risk forests across U.S. with long-term conservation easements ensuring carbon storage for 60+ years.
Storage descriptionCarbon sequestered in new growth on forestland with long-term conservation easements attached to member land deeds ensuring storage for 60+ years
Project locationUnited States (36 states with more than 150,000 acres enrolled as of February 2025)
VerificationVerra
NotesTransaction involved multiple corporate buyers including JPMorganChase. Total issuance of more than 64,000 tons sold to global financial services companies totaling $2.2 million. Credits certified through Verra on voluntary carbon market (VCM) and undergo rigorous third-party audits.
Durability defaultedtrue
Price derivationusd_amount/tonnes, derived not quoted
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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