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Carbon

Base Carbon Is Earning More Revenue From Carbon Credits

August 9, 2024
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Base Carbon Is Earning More Revenue From Carbon Credits
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Base Carbon is starting to see their carbon reduction projects turn into significant revenue.

‍What’s happening:‍

  • Base Carbon (CBOE: BCBN) has earned another $11.2M in revenue from sales of carbon credits produced by their Vietnam and Rwanda carbon reduction projects

By the numbers:‍

  • Since the launch of their Vietnam project, Base Carbon has now earned $30M USD in total revenue from the sale of carbon credits

Going deeper:‍

  • Base Carbon previously announced that Citigroup (NYSE: C) had committed to purchasing a significant amount of the carbon credits generated from their Vietnam project
  • Base Carbon’s projects in both Vietnam and Rwanda are focused on reducing carbon dioxide emissions through household devices such as cookstoves and water purifying devices

The intrigue:‍

‍

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