Carbon credits: Mombak signs deal with Microsoft
Mombak, a startup specializing in carbon credits from the reforestation of degraded areas in the Amazon, has just signed a contract with Microsoft that should change the company’s status.
Microsoft Goes Big In Brazil’s Voluntary Carbon Credit Market
Microsoft Corp is making a big move into Brazil’s voluntary carbon market with a deal to buy credits from a large-scale project to reforest degraded parts of the Amazon.
McLaren buys carbon credits in quest for net zero
SAO PAULO/LONDON, Nov 30 (Reuters) – McLaren Racing has agreed to purchase carbon credits from reforestation projects in Brazil’s Amazon rainforest and CO2 removal initiatives in Britain and the U.S. as part of its bid to achieve net zero emissions by 2040, the team said on Thursday.
McLaren competes in Formula One and the IndyCar Series, with emissions coming – in addition to motor racing itself – from activities such as air travel, with Formula One set to race 24 times in 22 different countries next year.
Carbon credit maker Mombak signs deal with McLaren, good pricing news
Reforestation startup signs contract for over US$50/t of CO2 equivalent – around five times the price charged by avoided deforestation projects
The union of an ex-99 and an ex-Nubank to reforest the Amazon and shake up the carbon credit market
Peter Fernandez and Gabriel Haddad Silva’s goal with Mombak is to remove 1 million tons of CO² from the atmosphere per year from 2030
Rockefeller Foundation and CPPIB invest in reforestation fund
Mombak project has already invested in more than 3,000 hectares in the Amazon, with 800,000 trees planted, and can accelerate land acquisition with the new capital
Canada Pension Joins Startup at $100 Million Reforestation Fund
Canada’s largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region.
Amazon: farm in Pará is an example of recovery of degraded areas
Amazonian biodiversity makes Brazil a prime location for the carbon credit market, and Pará is one of the most attractive states for investors. On a 3,000-hectare farm, for example, 90 species of native seedlings are being planted.
Amazon: farm in Pará sets an example in recovering degraded areas
The Amazon Summit wants to draw attention to the potential of an untapped market that can help recover deforested areas.
Stimulating green economies is at the center of discussions, and one issue that is gaining prominence is the carbon credit market.
Carbon capture startups are booming, attracting millions in funding
Crunchbase data shows investments of more than US$500 million in the last year, contrary to the trend in venture capital
