Evertreen clarifies carbon credit sales and tree planting project distinctions
Evertreen stated it has never sold a carbon credit against tree planting, clarifying that tree products carry a modelled lifetime CO₂ estimate without credit issuance or registry retirement. The company explained that 16,756 units funded for 'Trees in Indonesia' since 2020 were contributions to the Katingan Mentaya REDD+ project (VCS 1477), funding the retirement of verified carbon credits. Another 4,170 units were for mangrove planting in Sumatra, a product withdrawn due to a partner's inability to commit to annual volumes. Evertreen confirmed that funded trees remain monitored by local partners, with agreements for continued monitoring even after sales cease.
Read the original at REDD Monitor →This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.