In 2021, Acadian Timber Corp. executed its first carbon development and marketing agreement to develop voluntary carbon credits. With around 2.4 million acres of land under its management across the Northeastern United States and Eastern Canada, Acadia expects to earn approximately 84 percent of gross revenues from the sale of the carbon credits. “Pricing and the successful marketing credits will ultimately determine the impact to our financial results,” said the company’s president and CEO. The first round of the project has been completed and submitted for third-party verification for auditing and is expected to be registered on the American Carbon Registry in the fourth quarter of 2022. This inaugural execution requires long-term planning and maintenance of the existing sustainable forestry certification. Carbon credit development aligns with Acadian’s commitment to maximize cash flows from timberland assets through sustainable forest management practices. Read more HERE.
Acadian Bets Big on Carbon Credits
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