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Wednesday / July 3. 2024
HomeAgrotechNCX creates largest forest carbon project in US

NCX creates largest forest carbon project in US

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Previously known as SilviaTerra, NCX is a data-driven forest carbon marketplace sourcing high-quality forest carbon credits from American landowners of all sizes.

NCX, a venture-backed climate tech company, announced the creation of the largest forest carbon project (by acreage) in the continental United States. Previously known as SilviaTerra, NCX (Natural Capital Exchange) is a data-driven forest carbon marketplace sourcing high-quality forest carbon credits from American landowners of all sizes.

Microsoft, South Pole, and Shell Environmental Products1 are among the initial participating buyers purchasing carbon credits from NCX, upon listing in the Verra offset registry. Stretching across an area of 1.17 million acres, NCX’s first project included over 100 landowners across 10 states.

CEO Zack Parisa said, “We’ve combined satellite imagery, forest economics, and cutting-edge statistics to build a data-driven marketplace for landowners of all sizes. NCX identifies forested acres that are likely to be harvested and rewards landowners that keep them growing. It’s a solution that connects landowners with net-zero pioneers to create climate impact with unprecedented scale and transparency.”

“Demand for US offsets is continuing to grow, particularly for nature-based solutions. NCX has found an innovative way to overcome the obstacles that have kept small landowners out of the offset market,” said South Pole’s Michael Malara, Senior Business Development & Account Manager, North America.

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