Nature-based Carbon > Forestry > US oil company to purchase $750 mln worth of jurisdictional REDD+ offsets from Guyana

US oil company to purchase $750 mln worth of jurisdictional REDD+ offsets from Guyana

Published 17:07 on December 2, 2022 / Last updated at 14:17 on December 5, 2022 / / Americas (LATAM & Caribbean, US & Canada), Nature-based Carbon (Forestry), Net Zero Transition (Industrial Decarbonisation), Voluntary (VCM Governance)

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An energy company with a large stake in Guyanese offshore oil exploration announced Friday it will buy at least $750 mln in carbon credits from the country over the next 10 years, marking the first sale of offsets from the jurisdictional-scale Architecture for REDD+ Transactions (ART) programme.
An energy company with a large stake in Guyanese offshore oil exploration announced Friday it will buy at least $750 mln in carbon credits from the country over the next 10 years, marking the first sale of offsets from the jurisdictional-scale Architecture for REDD+ Transactions (ART) programme.


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