First Carbon Credit Sale From Terraformation’s Seed To Carbon Forest Accelerator

LONDON–(BUSINESS WIRE)–Terraformation, the native forest restoration company founded by former Reddit CEO Yishan Wong, has partnered with Grosvenor’s UK property business on the sale of the initial Verified Carbon Units (VCUs) from Terraformation’s Seed to Carbon Forest Accelerator. Grosvenor’s investment into reforesting mangroves in Keta Lagoon, Ghana, will deliver 15,000 tCO2e between now and 2030, at an average price just below $50 (USD) per tonne, with payments based on project milestone