ICE to Host Nature-Based Carbon Removal Credits Auction for GreenTrees

NEW YORK & LONDON, August 08, 2022–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, today announced plans to launch an auction of carbon credits for GreenTrees, a world leader in reforestation.

GreenTrees is the premier reforestation program operator in the United States by issuing credit and wholly owned by ACRE Investment Management LLC. ICE plans to hold two carbon credit auctions for GreenTrees in the fourth quarter of 2022. Each auction will offer 250,000 tonnes of emission reductions (ERTs) from GreenTrees’ reforestation projects. ERTs offered for sale by GreenTrees are issued by the American Carbon Registry (ACR), with each ERT representing the removal from the atmosphere of the equivalent of one metric ton of carbon dioxide.

“Reforestation is nature’s technology for removing carbon and represents the most viable, scalable and cost-effective way to respond to climate change now and in the future. GreenTrees is the only carbon removal project open to small, medium and large landowners, covering acres from as little as 7 acres, up to 3,500 acres,” says Chandler Van Voorhis, Principal and Co-Founder of GreenTrees, LLC. “Working with ICE, the world’s leading marketplace for environment, we can now connect one of the world’s largest business networks to everyday landowners, who are our first responders to climate change.”

“Leveraging our long experience in environmental markets and our global customer base, our goal for carbon credit auctions is to bring price discovery and transparency to the primary market, allowing buyers to invest in carbon credits. quality carbon from leading carbon offset project developers,” said Gordon Bennett, general manager of utility markets at ICE. “As companies increasingly recognize their carbon footprint as a liability, acknowledging the cost of pollution in their business models, companies will invest in reducing and eliminating emissions. As demand for these assets grows , price risk management will become increasingly important.”

ICE has operated environmental markets for nearly two decades and provides its clients with access to the largest and most liquid environmental markets in the world. During this period, more than 100 billion tons of carbon allowances, more than 250 million renewable energy certificates, three billion carbon credits and the equivalent of more than 1.4 billion renewable identification numbers were traded on ICE.

ICE has a decade’s experience in conducting carbon auctions, having conducted carbon allowance auctions on behalf of the UK government since 2012.

Further details on the carbon credit auction, including how to participate, will be announced in due course. In the meantime, please contact [email protected]

About Green Trees

GreenTrees is 100% owned by ACRE Investment Management, LLC (AIM). The AIM platform is designed to both deploy the ACRE mechanism in a portfolio of companies while having a large-scale impact on the restoration economy. The goal of GreenTrees is to respond to climate change through a revolution in reforestation. With 128 years of carbon removal experience and more than 133,000 acres of reforestation purifying air, purifying water and providing critical habitat, parent company’s new ACRE IO platform will enable reforestation projects anywhere in the world.

About intercontinental exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that provide our clients with access to critical workflow tools that increase transparency and operational efficiency. We operate Exchangesincluding the New York Stock Exchangeand clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income securities data services and execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. To ICE Mortgage Technology, we are transforming and digitizing the residential mortgage process in the United States, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates can be found here. Key information documents for certain products covered by the EU Regulation on packaged retail and insurance-based investment products can be accessed on the website of the relevant stock exchange under “Information Documents keys (KIDS)”.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements, see ICE’s filings with the Securities and Exchange Commission (SEC), including, but not Limit thereto, the risk factors in the Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as filed with the SEC on February 3, 2022.


Source: Intercontinental Exchange

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ECI media contact:
Rebecca Mitchell
[email protected]
+44 7951 057 351

Contact with ICE investors:
Mary Caroline O’Neal
[email protected]
(770) 738-2151

GreenTrees media contact:
Elizabeth Buccianti, Gabriel Marketing Group
[email protected]

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