Sunday, 24 November 2024
Home BTG Pactual Timberland Investment Group to provide Microsoft with 8 million carbon removal credits

The following content is a news release distributed by . The original news release may be found here.

BTG Pactual Timberland Investment Group to provide Microsoft with 8 million carbon removal credits

NEW YORK--(BUSINESS WIRE)--Today, the BTG Pactual Timberland Investment Group (TIG) announced the execution of a carbon offset credit transaction with Microsoft. Under the terms of the agreement, TIG will provide Microsoft with up to 8 million nature-based carbon removal credits through 2043. The transaction is the largest known carbon dioxide removal credit transaction to date, according to MSCI Carbon Markets data. The credits will be delivered from TIG’s $1 billion reforestation and restorat...

Read the full news release here

Related Articles

People look at the flooding of the Choluteca river in Tegucigalpa, Honduras, on November 17, 2024 (AFP)
AnalysisClimate FinanceElectionsPoliticsUnited Nations

Analysis: Climate finance’s ‘new era’ shows new political realities

Next year, Germany, Canada and Australia all hold elections in which conservatives...

Observers said COP29 in Baku made virtually no progress on tackling the source of global warming (AFP)
ClimateCoalEmissionsNatural GasOilPoliticsTradeUnited Nations

Concern as climate talks stalls on fossil fuels pledge

Countries clashed at COP29 over how to build on a landmark pledge...

Prime Minister Sir Keir Starmer speaks on day two of the Cop29 climate summit (Carl Court/PA)
ClimateClimate FinanceEmissionsPoliticsUnited Nations

Cop29 finance deal ‘a death sentence’ and ‘woefully inadequate’, activists say

COP29's $300bn climate deal is slammed as 'woefully inadequate' and a 'death...

Login into your Account

Please login to like, dislike or bookmark this article.