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Chicago Climate Exchange Registers First Ever Carbon Credit From Forestry Project

Precious Woods announced today that it successfully registered the first carbon credits originating from a forestry project at the Chicago Climate Exchange (CCX) and executed on the CCX trading platform the worlds first ever trade of forestry offsets at a Greenhouse Gas Exchange. Swiss-based company Precious Woods is an international leader in sustainable forest management in the tropics. The carbon credits registered at CCX originate from reforestation of 4,638 hectares of formerly degraded pasture land in Costa Rica. This project generated 221,700 metric tons of CO2 offsets (or 2,217 Carbon Financial Instruments – CFIs) that could be verified and registered for trading in the coming months in CCX.

News notes are courtesy of Southern Forests Network News Notes
www.southernsustainableforests.org

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