Carbon Credits: Chestnut Carbon Raises $160 Million
In a bold move to combat climate change, nature-based carbon removal startup Chestnut Carbon has secured $160 million in Series B financing, marking a significant step in its mission to restore degraded lands and generate carbon credits.With the growing urgency for tech companies to offset their emissions, particularly from expanding data centers, Chestnut’s innovative approach of purchasing marginal farmland and reforesting it with native trees is gaining traction.
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