(Houston) Today the Texas Coastal Exchange (TCX) announces completion of its first carbon dioxide storage transaction in the Galveston Bay marsh ecosystem – the first known sale of carbon credits benefiting Texas marshes and prairies. The Texas Coastal Exchange concept evolved from research by Rice University’s SSPEED Center, which was interested in establishing a system to pay landowners for keeping low-lying coastal lands subject to hurricane surge flooding in their natural state. TCX, a non-profit […]
