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Carbon Streaming Closes Blue Carbon Credit Agreement (Ind. Report)
Carbon Streaming
Date: 2021-11-19
Toronto-headquartered Carbon Streaming Corp, reports the closing of its previously reported blue carbon credit streaming agreement with MarVivo Corporation for the MarVivo Blue Carbon Conservation Project in Magdalena Bay, Mexico. MarVivo builds mangrove and marine conservation sites with the REDD+ model providing sustainable funding through Blue Carbon credits.

The deal includes a $6 million upfront cash investment and a $2 million cash investment in MarVivo Corporation, paid on closing, followed by four separate $1 million investments at specific project milestones during development, implementation, validation and verification by Verra.

Upon payment of the Upfront Deposit, Carbon Streaming will have the right to purchase the greater of 200,000 credits or 20 pct of the annual verified carbon credits from the MarVivo Project each year. The Company will make ongoing payments to MarVivo Corporation for each carbon credit sold under the carbon stream. The first delivery of carbon credits is expected to occur in the first half of 2023. Carbon Streaming invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. (Source: Carbon Streaming Corp., PR, Website, 18 Nov., 2021) Contact: MarVivo Corporation, www.marvivo.earth; Carbon Streaming Corp., www.carbonstreaming.com

More Low-Carbon Energy News Blu Carbon,  Carbon Streaming,  Carbon Credit,  REDD+,  


Australians Announce "Blue Carbon" Science Hub (Int'l Report)
Blue Carbon
Date: 2019-09-09
Further to our 10th July report, the Australian Foreign Minister Marise Payne has announced the establishment of the Indian Ocean Rim Association (IORA) Indian Ocean Blue Carbon Hub aimed at protecting and restoring the health of ocean "blue carbon" mangrove ecosystems.

The hub, which will be hosted by the Indian Ocean Marine Research Centre at the University of Western Australia, will be jointly funded by the federal government and CSIRO to the tune of $600,000 over three years. According to hub director Dr Mat Vanderklift, "Blue carbon ecosystems are highly effective at carbon storage and protecting coastal communities against storms. The Indian Ocean is disproportionately important in blue carbon globally. The hub will allow us to accelerate action and go beyond talking about it, to doing something about it."

Mangrove systems sequester "blue carbon" -- CO2 absorbed from the atmosphere and locked up in coastal wetlands such as mangroves. (Source: The New Nation, Sept., 2019) Contact: Indian Ocean Blu Carbon Hub, Dr Mat Vanderklift, Dir. Indian Ocean Marine Research Centre at the University of Western Australia, +61 8 6488 7270, www.uwa.edu.au › facilities › indian-ocean-marine-research-centre

More Low-Carbon Energy News Mangrove,  Blue Carbon,  Climate Change,  

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