View original ↗on financialpost.com
deal · 21 May 2024
Microsoft ↔ Carbon Streaming
Microsoft: a firm purchase of 311,500 t of afforestation/reforestation removal from Carbon Streaming.
BuyerMicrosoft
SupplierCarbon Streaming
Tonnes311,500 t
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionAfforestation, Reforestation & Revegetation (ARR) methodology, VM0047. Reforestation project restoring 10,000 hectares of degraded tropical forest on the Azuero Peninsula in Panama with over 75 native tree species.
Delivery windowthrough 2040
Project locationAzuero Peninsula, Panama
VerificationVerra
NotesThis is a carbon credit offtake agreement between Microsoft and Carbon Streaming. Microsoft will purchase 100% of carbon credits that Carbon Streaming receives from the Azuero Reforestation Project through 2040, approximately 311,500 carbon credits. The broader Azuero Reforestation Stream involves Carbon Streaming, Microsoft, and Rubicon Capital as co-investors funding the project. The project is
Durability defaultedtrue
Coverage notethe Azuero Reforestacion row of 2024-05-01 describes the same programme from the project side, volumes as each source states them
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
Watch these companies, see every deal like this, or ask about it.
A free account searches the whole database and saves records. Pro adds Ask, a watch list, totals, exports and the plugin for Claude and ChatGPT. New accounts get 14 days of Pro, no card needed.