US EditionPublished • loading... • Updated
Google deal makes Amazon reforestation its top source of carbon removal credits
Google's deal with Mombak will offset 200,000 metric tons of carbon emissions from data centers using high-quality Amazon rainforest credits.
- On Thursday, Google announced it will buy 200,000 metric tons of carbon removal from Mombak to finance Amazon restoration, marking its biggest carbon removal purchase to date.
- The Symbiosis Coalition, backed by Meta, Microsoft, Salesforce and McKinsey, formed last year to meet rising demand for credible, transparent nature-based carbon removal projects.
- Mombak's project met the coalition's standards as the first of 185 projects reviewed, turning degraded pastureland into jungle and buying Amazon farmland to reforest, co‑founder Gabriel Silva said.
- Buyers' shift to higher standards has created a 'flight to quality,' with Mombak benefiting as prices rise above $50 and $100 per ton amid scarcity and avoidance of REDD credits.
- This month, Brazil is hosting COP30 in Belem, coinciding with the Symbiosis Coalition's vow to contract over 20 million tons by 2030 and Google's prior $100 million commitment last year.
Insights by Ground AI
16 Articles
16 Articles
Exclusive: Google deal makes Amazon reforestation its top source of carbon removal credits
Google has agreed to finance restoration of the Amazon rainforest in its biggest deal yet for carbon removal credits, as Big Tech hunts for high-quality credits to offset emissions tied to energy-hungry data centers.
·United Kingdom
Read Full Article
Times of IndiaReposted by 
The Economic Times
The Economic TimesGoogle deal for Amazon reforestation makes Brazilian startup its top carbon credit supplier
Google is investing in Amazon rainforest restoration through a major deal with Brazilian startup Mombak. This initiative aims to offset carbon emissions from Google's energy-intensive data centers. The agreement highlights a growing demand for high-quality carbon removal credits. Mombak's reforestation projects are fetching significantly higher prices than traditional REDD credits, reflecting a push for credible climate solutions.
·India
Read Full Article
Coverage Details
Total News Sources16
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
To view factuality data please Upgrade to Premium
