HomeCarbon CreditsUS Trio to Fund $500M Nature-Based Carbon Projects to Make 100M Carbon...

US Trio to Fund $500M Nature-Based Carbon Projects to Make 100M Carbon Credits

Three US companies – carbon solutions provider Rubicon Carbon, commodity trading firm Freepoint Commodities, and project developer Imperative Global – have teamed up to develop and fund a potential $500 million nature-based carbon offset projects that can create over 100 million carbon credits

The trio joined forces to bring to the market large-scale nature-based carbon offset projects and create impactful results in the Global South. 

A Trio for High-Quality Carbon Offset Projects

TPG Rise-backed Rubicon Carbon aims to help large companies meet their decarbonization targets and the growing demand for high-integrity carbon credits. The company sources and manages diversified carbon credit portfolios while bringing transparency and quality to voluntary carbon markets (VCMs).

Freepoint Commodities is a global commodities merchant with a voluntary carbon business delivering market solutions to VCM market players. Investing in high-quality carbon projects is one of the services that Freepoint provides.

Imperative Global seeks to advance carbon credit project development and the generation of high-quality credits by addressing issues at the source. It has expertise in carbon project execution, conservation projects, and carbon markets, optimizing these projects using advanced technology. 

Their collaboration has the main goal of promoting nature-based carbon offset projects that can produce over 100 million credits. 

The VCM was valued at $2 billion in 2022 and market projections are bullish, surging to $250 billion by 2050. Demand for voluntary carbon credits, also known as carbon offsets, will grow exponentially as shown below. 

projected growth of carbon offset demand One of the biggest problems plaguing the market is the issue of quality. Nature-based carbon offset credits, in particular, have been criticized for being worthless.  

The collaboration among the three companies aims to address this concern by driving quality within the VCM and providing capital at the scale necessary to fund large projects.

Generating 100M+ High-Integrity Carbon Credits

Rubicon Carbon has been focusing on working with project developers that implement high-integrity carbon projects. Partnering with Imperative reflects this commitment as their deal centers on promoting quality and setting new market standards.

Commenting on their collaboration, the Head of Rubicon Carbon Capital, Chris Brown said that it enables them to “help progress the VCM through a focus on integrity and quality”. 

Freepoint Commodities shared the same viewpoint on their trio partnership. As the commodity trader seeks to expand its global voluntary carbon business, they’ll invest in high-integrity projects and developers. 

Freepoint expressed intent “to support Imperative to be a market leader in the space”. They believe that doing so allows them to expand the suite of products and services they offer to customers. 

Each dollar these companies invest in Imperative carbon projects aims to produce meaningful climate, biodiversity, and community benefits. 

Imperative’s carbon project portfolio covers Latin America, Africa, and Asia, focusing on large-scale agroforestry, mangrove restoration, and native-species reforestation

Highlighting the significance of their partnership with Rubicon and Freepoint, Imperative CEO Scobie Mackay remarked that:

“…we believe that we can deliver scale and address the issue of quality at the source – on the ground where project activities are occurring…This collaboration with Rubicon Carbon and Freepoint Commodities brings together institutional capital, specialized carbon know-how, and deep, large-scale projects expertise.” 

Their strategic alliance seeks to create more than 100 million tons of carbon credits certified by Verra and Gold Standard. These credits won’t only reduce carbon emissions but also deliver substantial co-benefits and sustainable development goals. 

By combining their expertise, resources, and commitment to quality and integrity, this collaborative effort seeks to address both the demand for reliable offsets and the critical need for authentic and effective nature-based carbon offset projects. 

Most Popular
LATEST CARBON NEWS

Battery Startups Attract Mega-Investments and American Lithium’s Discovery

Here’s a Key Summary: Battery Boom: Discover how battery startups are securing record-breaking investments, reflecting the burgeoning potential of the sector. A Lithium Gamechanger:...

IEA’s 2023 Net Zero Roadmap: Tripling Renewables and Electrifying the Energy Transition

The International Energy Agency’s (IEA) latest Net Zero Roadmap suggests that tripling renewables capacity to 11,000 GW by 2030 is one way to reach...

Indonesia Launches Carbon Credit Market In A Leap Toward Net Zero

Indonesia launched a carbon credit trading market as part of its goal to reduce carbon emissions and achieve net zero by 2060. Southeast Asia’s largest...

Your Ticket to the Capitol: Hydrogen Americas 2023 Summit & Exhibition

When the U.S. Department of Energy speaks, investors and corporations listen. As the popularity of the Hydrogen sector continues to attract attention in 2023 and...
CARBON INVESTOR EDUCATION

Carbon Pricing: Understanding The Economics and Trends of Fighting Climate Change

As global temperatures continue to rise, the urgency surrounding climate policies has intensified, thrusting carbon pricing into the limelight of climate discussions. The race to...

The EU Corporate Sustainability Reporting Directive (CSRD): Key Things to Know

Companies operating in the European Union will have to deal with new non-financial and sustainability reporting requirements starting January 2024 with the EU's Corporate...

Who Certifies Carbon Credits?

Anybody can say that they’re offsetting their carbon footprint and get financial support for it, which is good. But here’s another version of the...

An Introduction to Hydrogen Energy

These days, with the importance of furthering the fight against climate change, more and more different options are being explored. Making the transition to...