Carbon Market recognition of the High Quality of Delta Blue Carbon Project Credits
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June 25, 2023Carbon Market recognition of the High Quality of Delta Blue Carbon Project Credits
Sindh Delta Blue Carbon Project, a flagship project of the Government of Sindh and Indus Delta Capital (IDC), achieves another important milestone in the voluntary carbon market. Reuters in its 17 June Story has reported that the demand for carbon removal credits generated by the Delta Blue Carbon Project and issued in 2020 exceeded available supply by more than 50%, the Singapore-based carbon exchange Climate Impact X (CIX) said on Friday. The exchange said more than 60% of successful bid volumes were priced at over $30 a ton, with some bid prices as high as $50 a ton.
DBC Project carbon credits have been validated and verified by Third Party Validation and Verification Bodies (VVBs) to be of high integrity and therefore labeled as Triple Gold Level on account of their high climate, environmental and social integrity.
