This investor is trying to make carbon credits tangible

"Ben Dell, an activist investor known for his work in oil and gas, is betting that carbon credits should be more than an abstract concept. His company, Chestnut Carbon, is working with brands like Microsoft and Mercedes Formula 1 to offset emissions in ways buyers can both see and measure. Dell is best known as the cofounder of private equity firm Kimmeridge Energy Management Co., which specializes in oil and gas. At Chestnut, Dell said his mission is to turn carbon credits into tangible items. The company buys unused farmland and pastures, replants land with native hardwoods, and sells the resulting carbon storage as credits."

""I look at carbon as a commodity," Dell told Business Insider during " The Resiliency Playbook" event in New York on Wednesday. "Ultimately, you have to be able to show that you've stored it, you're getting paid to store it, and you have to show that it's measurable and verifiable." For buyers like Microsoft, that means carbon credits coming from land that Dell's team owns and manages. Microsoft's deal is expected to result in 7 million metric tons of US-based carbon removal credits over a 25-year period."

Ben Dell founded Chestnut Carbon to treat carbon as a commodity and make carbon credits tangible and verifiable. Chestnut buys unused farmland and pastures, replants native hardwoods, and sells the resulting carbon storage as removal credits. The company partners with large brands, including Microsoft and Mercedes Formula 1, to provide carbon offsets that buyers can see and measure. Microsoft's deal is expected to generate about 7 million metric tons of US-based carbon removal credits over 25 years, with credits sourced from land Chestnut owns and manages in perpetuity. Dell emphasizes measurable, verifiable storage amid broader questions about credit quality.

Read at Business Insider