Underground Forests issues 3,249 CCP-eligible credits and signs MinderCO2 offtake
Underground Forests, a Dutch project developer, has issued 3,249 carbon removal credits under the Rainbow Standard, becoming the first Dutch entity with credits under an ICVCM CCP-eligible programme. These credits represent CO2 stored long-term in wooden piles used as building foundations below the groundwater table in the Netherlands. Following this issuance, the company secured a multi-year offtake agreement with MinderCO2 to cover its 2025, 2026, and 2027 emissions. Underground Forests aims to complete over 200 building projects by 2028, targeting more than 1 megaton of CO2 storage by 2031.
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