1.13 million metric tonnes CO₂e of CO2 sequestered in living carbon - Drawdown Journey

NCX has reached a progress milestone of sequestering 1.13M metric tonnes CO₂e through one of it’s largest forest carbon projects in the US. Using Microsoft’s AI for Earth program, satellite imagery was combined with field measurements to determine the size and species of trees in every acre of forest. NCX identifies forested acres that are likely to be harvested and rewards landowners that keep them growing. Every living tree absorbs carbon dioxide and releases oxygen. The hundreds of millions of acres of forest in the US can play a key role in fighting climate change. Simply deferring harvest and letting trees grow older, one year at a time has a powerful additive effect to their capacity to capture carbon. So far to date, the largest forest carbon project in the US has been created, selling 1.13M metric tonnes CO₂e of carbon offsets. The demand for offsets is continuing to grow and NCX has developed an innovative way to overcome the obstacles that have kept small landowners out of the offset market. This solution will increase available offset projects in the US and also make it possible over time for companies to support local offset projects, thus having an impact close to their operations. NCX recognizes that carbon offsets are not the only solution, they are the ambulance ride to the hospital. It is critical companies use offsets like forest carbon to address what they cannot immediately address in their manufacturing, transportation, and supply chains. Unfortunately changes in operations and products cannot be made overnight, and while our customers work to make those changes we are helping them meet their immediate net-zero goals. We are proud that all our customers to date are prioritizing decarbonization. But, even if every company out there works to decarbonize first, there is still no viable path to our 2030 or 2050 goals without nature based solutions. Forest carbon is the largest portion of that, with the potential to absorb 8.9 billion metric tons of carbon dioxide from the atmosphere each year through 2050 (23% of yearly global CO2 emissions). Immediately deployable and scalable solutions like forest carbon are how we make progress today while companies work to decarbonize. About NCX: NCX (Natural Capital Exchange) is a trusted provider of high-quality forest credits, founded by Zack Parisa and Max Nova. Their carbon credits have multiple co benefits to ecology and the local people. NCX connects corporations to landowners, habitats and the communities they impact through their carbon marketplace. They enable net-zero pioneers to purchase climate credits with immediate, verifiable impact and landowners to quantify the full value of their forests. Read more: How NCX measures forest carbon: https://ncx.com/basemap/ Clarifying 4 Forest Carbon Project Misconceptions: https://www.linkedin.com/pulse/clarifying-4-forest-carbon-project-misconceptions-zack-parisa/?trackingId=bRL2cb5UQTybD5yYGuWvDg%3D%3D