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deal · 1 May 2024
Microsoft ↔ Azuero Reforestación Colectiva
Microsoft: a firm purchase of 3,000,000 t of afforestation/reforestation removal from Azuero Reforestación Colectiva.
BuyerMicrosoft
SupplierAzuero Reforestación Colectiva
Tonnes3,000,000 t
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionRestoration of degraded tropical forest on Panama's Azuero Peninsula, replanting 75 native species on more than 24,700 acres (10,000 hectares). Project will remove over 3 million tons of CO2 from the atmosphere.
Delivery window30 years with offtake through 2040
Project locationAzuero Peninsula, Panama
VerificationVerra (using newest reforestation methodology; only ARR project selected to pilot Verra's SD VISta Nature Credit framework)
NotesMicrosoft will purchase approximately half the project's carbon credits over the first 30 years through upfront financing plus long-term offtake agreement. Project expected to cost $6,000-$7,000 per hectare with ~$70 million in direct and indirect community benefits. Upfront financing from Rubicon Carbon (tens of millions, largest share of 30-year streaming rights) and Carbon Streaming. Project de
Durability defaultedtrue
Coverage notethe Carbon Streaming row of 2024-05-21 describes the same Azuero programme from the streaming side, volumes as each source states them
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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