Through the strategic alliance, the companies provide carbon offset products to a broad range of buyers in the North American market.
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. Included in the transaction is the Alligator River Forestry Project in North Carolina, project located outside the state of California is listed by the Climate Action Reserve.
“This transaction is an important addition to our expanding portfolio of carbon commodities and projects under ownership and in development,” CE2 Carbon Capital President Greg Arnold said. “This transaction also expands the U.S. carbon offset market by better defining transaction structure and value, enabling capital to flow more freely.”
“We are pleased to be involved in this landmark transaction and drive activity within the U.S. carbon economy,” Blue Source President Greg Spencer said. “This is a continuing signal both to offset purchasers and potential project owners that capital is moving, and there is a high degree of confidence that investment returns can be achieved today.”
