Standard Chartered Pioneers Forest Conservation Financing with Acre Deal

Standard Chartered Pioneers Forest Conservation Financing with Acre Deal

Standard Chartered’s bold move into the voluntary carbon market, partnering with the Brazilian state of Acre, signals a significant shift in the bank’s strategy and could reshape the landscape of forest conservation financing. This agreement, which positions the bank as the exclusive seller of Acre’s jurisdictional forest carbon credits, is not just a commercial venture but a statement of intent. Source

Standard Chartered Signs Deal to Sell Carbon Credits to Protect Rainforests

UK-based international banking group Standard Chartered announced today a new agreement with the government of the Brazilian State of Acre, with the bank acting as a seller of forest protection-based carbon credits on behalf of the state over the next five years. Under the terms of the new agreement, Standard Chartered will act as the […]

Standard Chartered and Acre Team Up on Amazon Carbon Credits

In a powerful mix of banking and climate action, Standard Chartered has partnered with Acre, a forest-covered state in western Brazil. The goal? To help protect the Amazon rainforest and make money by doing it. The deal, reported by Bloomberg, will run for five years. During this time, Standard Chartered will help sell carbon credits earned by keeping the forest safe from deforestation. For Acre, this means a chance to earn real income from savi…