12 million USD carbon offset deal

The Goldman Sachs Group, Inc., Blue Source, and CE2 Carbon Capital have announced a $12 million U.S. carbon offset transaction. This is the largest publicly announced U.S. offset transaction to date and signifies confidence in the role carbon offsets will play in a U.S. regulated carbon market (Source: Mumbai (Blue Source).

The transaction involves offsets originating from Blue Source’s portfolio of emission reduction projects. The offsets are generated from U.S. based projects including forestry, landfill gas and coal mine methane. These projects meet the rigorous quality standards of the Climate Action Reserve and Voluntary Carbon Standard. Included in the transaction is the Alligator River Forestry Project in North Carolina, the first forestry project located outside the state of California to be listed by the Climate Action Reserve.