View original ↗on trafigura.com
deal · 11 November 2024
GenZero ↔ Trafigura
GenZero: a firm purchase of afforestation/reforestation removal from Trafigura.
BuyerGenZero
SupplierTrafigura
Amount$100,000,000
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionNature-based carbon removals through afforestation and reforestation on degraded lands in Colombia's Orinoco River Basin. Project involves planting of over 24 million mixed-species trees without planned commercial harvest activities, with restoration bridge concept reconditioning soil health and enabling reintegration of native species.
Delivery windowFirst issuance of carbon credits anticipated in late 2025
Project locationOrinoco River Basin, Colombia
VerificationArkadiah Technology (DMRV), Ingeobosques (FSC and IFC Performance Standards alignment), South Pole (Carbon Asset Development), Nature Metrics (biodiversity monitoring)
NotesExpansion doubles project size from initial scope. Project involves afforestation/reforestation of 20,000 hectares total (10,000 planted over 2023-2024, additional 10,000 planned). Operational partner: Inverbosques. Direct revenue sharing with local communities included. Generated over 700 direct and indirect jobs.
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: Trafigura · Afforestation/reforestation
