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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+,  


Carbon Streaming, Infinite-EARTH Ink Carbon Credit Agreement (Int'l)
Carbon Streaming
Date: 2021-08-04
Toronto-headquartered Carbon Streaming Corp. is reporting a carbon credit streaming agreement with Hong Kong-headquartered Infinite-EARTH Limited, the developer of the industry's flagship REDD+ (Reducing Emissions from Deforestation and forest Degradation) project, the Rimba Raya Biodiversity Reserve Project in Borneo, to which InfiniteEARTH has exclusive carbon and marketing rights.

The Rimba Raya Project is expected to create over 70 million credits over its remaining 20-year crediting period, and to reduce greenhouse gas emissions by 3,527,171 tonnes of CO2 equivalent (tCO2e) per year with a total reduction of 130 million tCO2e estimated over its 30-year carbon offset project, which started in 2009.

InfiniteEARTH is a pioneer in the REDD+ industry, having developed the world's first REDD+ carbon accounting methodology, the first REDD+ project validated under the Verified Carbon Standard (VCS) and the first REDD+ project to receive "triple-gold" verification under the Climate, Community and Biodiversity Standard. The Rimba Raya Project is also the world's first REDD+ project to be verified under the newly launched Sustainable Development Verified Impact Standard (SDVista), earning the highest possible rating for demonstrating its contribution to all 17 United Nations Sustainable Development Goals (UN SDGs).

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. The company is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits, according to the company. (Source: Carbon Streaming, PR,3 Aug., 2021) Contact: Carbon Streaming, Justin Cochrane, Pres. and CEO, 647.846.7765, info@carbonstreaming.com, www.carbonstreaming.com; Rimba Raya Project , www.rimba-raya.com; VCS, www.vcs.com; InfiniteEARTH, hk.linkedin.com › infinite-earth-organization

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


Carbon Streaming Invests in Blue Carbon Project (Ind. Report)
Carbon Streaming
Date: 2021-05-19
In Toronto, Carbon Streaming Corporation (CSC) reports an agreement to invest $6 million to implement the proposed MarVivo Blue Carbon Conservation Project in Magdalena Bay in Baja California Sur, Mexico. The project is anticipated to be one of the largest blue carbon conservation projects in the world and once implemented will reduce an estimated 26 million tonnes of carbon dioxide equivalent (CO2e) over 30 years by conserving and sustainably managing approximately 22,000 hectares of mangroves and 137,000 hectares of its marine environment across Baja's largest mangrove forest.

The project aims to limit deforestation, promote wildlife conservation and generate unique benefits for the local communities. The UNFCCC REDD+ framework will be used to define the project which is anticipated to be certified through the Verified Carbon Standards (VCS) administered by Verra, an international institution based in Washington D.C. Verra manages carbon credit standards so that "blue carbon" credits may be generated.

Information on the MarVivo Blue Carbon Conservation Project can be found at www.marvivo.earth. (Source: Carbon Streaming Corp., PR, 18 May, 2021) Contact: Carbon Streaming Corp., 647.846.7765, info@carbonstreaming.com, www.carbonstreaming.com

More Low-Carbon Energy News Carbon Streaming ,  Blue Carbon,  Mangrove,  UNFCCC REDD+,  Carbon Credit,  


iOffset Carbon Offset as a Service Launched (Int'l. Report)
iOffset
Date: 2020-07-08
In the UK, Lancaster-based carbon streaming service iOffset is reporting its launch with its inaugural commercial partnership with national car retailers, Motor Depot and CarSupermarket.com. iOffset's service will see the dealerships offset the projected future emissions of every used car sold for the first year of ownership.

The company's "Offset as a Service" (OaaS) cost-effectively offset any product, service or transaction in full or in part, enabling investment into accredited projects that prevent the production of an amount of CO2 equal to a product's carbon footprint, through afforestation schemes, renewable energy and emerging technologies in carbon capture and storage. (Source: iOffset, PR, 7 July, 2020) Contact: iOffset, Mark Hammond, Founder , www.ioffset.co.uk

More Low-Carbon Energy News Carbon Offset,  

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