Anew Climate, a US-based climate solutions partner, has issued more than 85,000 metric tonnes of carbon removal credits from a forestry project to JPMorgan Chase, to support the bank’s carbon management strategy.
The carbon credits originate from the Little Bear Forestry Project, located in the Appalachian Mountains in West Virginia and Virginia, which is owned and managed by Aurora Sustainable Lands.
As Anew Climate noted, the project operates under the American Carbon Registry (ACR) Improved Forest Management (IFM) 2.1 methodology, and incorporates a ‘dynamic baselining’ approach to carbon accounting, which more accurately reflects real-world forest management and market conditions.
Carbon market
“This transaction reflects where the carbon market is heading,” commented Joshua Strauss, president of environmental products at Anew Climate. “Leading buyers are increasingly prioritising CCP-aligned methodologies and dynamic baselines that stand up to the highest scrutiny. Anew and Aurora are thrilled to be at the vanguard of this market and able to provide JPMorganChase, and other discerning buyers, with these premium quality credits.”
The project also uses more advanced remote sensing, satellite-based carbon tracking, machine learning, and ground observations to enhance verified climate impact, powered by Anew’s proprietary Epoch platform.
“We were excited to add credits from the Little Bear Forestry Project to our carbon removal portfolio,” added Taylor Wright, head of operational sustainability at JPMorganChase. “The dynamic baselining provides meaningful evidence that these credits meet a high threshold for quality, supporting our interests as both a buyer and as a steward of market integrity.”
Forest management
Aurora Sustainable Lands, a carbon removal platform and climate-focused asset manager, added that the project prioritises climate adaptive silviculture, long-term forest health, and sustained carbon storage.
“Little Bear shows the positive impact of climate-focused forest management,” said Jamie Houston, CEO of Aurora Sustainable Lands. “Our nature-based approach with a carbon stewardship goal offers real climate benefits, while also safeguarding species diversity, habitat, water quality, and ecosystem integrity.” Read more here.
