A deal alongside Microsoft, a new partnership in Brazil, and a new project in South Africa: May Updates.
Rubicon Carbon, Microsoft, & Carbon Streaming Co-Invest in Ponterra’s Reforestation Project
Alongside our partners Microsoft and Carbon Streaming, we announced a major agreement to provide upfront financing to and purchase future credits from Ponterra’s ARC Azuero Restaura Project (ARC) in the Azuero Peninsula in Panama.
Devastated by years of cattle grazing, the ARC project will plant over 6 million trees using 75 native species to restore a dry tropical forest known for its abundant biodiversity. Local communities that have previously relied on cattle ranching will receive over USD 70 million in direct and indirect benefits throughout the project’s 30-year crediting period.
The project will initially cover 10,000 hectares (24,711 acres) with an opportunity to expand more than 50,000 hectares (123,553 acres). Commenting on the deal, Rubicon Carbon CEO Tom Montag stated, “We’re excited to have the Azuero credits in our future RCT portfolios. The project’s focus on high-quality restoration along with community & biodiversity benefits is exactly what we hope to offer our clients.”
To learn more about this project, check out the official announcement.
Rubicon Carbon and YvY Capital Team Up To Invest in Brazil
Rubicon Carbon is excited to announce a strategic partnership with YvY Capital, a Brazil-based asset management firm dedicated to the green economy. This collaboration will scale up our efforts to develop and finance carbon credit opportunities across Brazil's expansive rainforests, including the Amazon. By combining our expertise and resources, we aim to innovate within the carbon markets and drive substantial environmental and financial gains. This partnership underscores our commitment to global climate action and biodiversity conservation in one of the most crucial ecosystems in the world.
To read more about our partnership, take a look at this interview between Rubicon Carbon CEO Tom Montag and Yvy Capital CEO Gustavo Montezano.
Rubicon Carbon Helps Finance 100,000 hectares of native restoration in South Africa
This month, we also announced our collaboration with Mirova and GenZero in the first phase of a landmark ecological restoration project in South Africa led by Imperative. We are funding the replanting of 10,000 hectares with native spekboom in the Eastern and Western Capes, aiming to eventually revitalize 100,000 hectares and sequester over 30 million tons of CO2. This project leverages local expertise and technology to restore lands, enhance biodiversity, and support local communities, setting a new benchmark for sustainable development and nature-based carbon sequestration.
To learn more, read the press release.