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deal · 6 December 2023
Aviva ↔ Wild + Pine
Aviva: a firm purchase of 275,000 t of afforestation/reforestation removal from Wild + Pine.
BuyerAviva
SupplierWild + Pine
Tonnes275,000 t
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionAfforestation to restore degraded and marginal land back to a forested landscape, rebuild habitats, and remove greenhouse gas emissions from the atmosphere. Project uses a Bioprism Advanced Vertical Greenhouse for seedling production and plants a community of native species representative of the natural ecosite.
Delivery window60 years
Project locationAlberta, Canada (StoneWoods Forest Carbon project covering 520 hectares)
NotesAviva committed CAD $6.2 million (converted to USD amount null per source statement in CAD). Projected sequestration of nearly 275,000 tonnes of carbon over 60 years. This is Aviva's first partnership in Canada as part of a £100 million program of nature-based projects. Project covers 520 hectares (1,280 acres) in Alberta.
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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