Carbon solutions provider Rubicon Carbon, commodity trading firm Freepoint Commodities, and project developer Imperative Global have formed a partnership to develop and fund nature-based carbon offset projects. The collaboration aims to promote large-scale nature-based carbon offset projects in the Global South and generate over 100 million carbon credits, with a potential value of $500 million.
Rubicon Carbon, supported by TPG Rise, specializes in sourcing and managing diversified carbon credit portfolios and bringing transparency and quality to the voluntary carbon markets (VCMs). Their goal is to assist large companies in meeting their decarbonization targets and meet the increasing demand for high-quality carbon credits.
Freepoint Commodities, a global commodities merchant, has a voluntary carbon business that provides market solutions to VCM players. Investing in high-quality carbon projects is one of their primary services.
Imperative Global contributes by advancing carbon credit project development and generating high-quality credits. They have expertise in carbon project execution, conservation projects, and carbon markets, with a focus on utilizing advanced technology to optimize projects.
The collaboration aims to address the issue of low-quality carbon offset credits in the market, especially for nature-based credits. By driving quality within the VCM and providing necessary capital, the partnership aims to promote quality and set new market standards.
Rubicon Carbon’s partnership with Imperative focuses on promoting quality and supporting Imperative in becoming a market leader. Freepoint Commodities also intends to invest in high-integrity projects and assist Imperative in their goals.
Imperative Global has already developed a portfolio of carbon projects in Latin America, Africa, and Asia, focusing on agroforestry, mangrove restoration, and reforestation. With the support of Rubicon and Freepoint, Imperative aims to address quality concerns and deliver scale.
The strategic alliance between Rubicon Carbon, Freepoint Commodities, and Imperative Global aims to produce over 100 million tons of carbon credits certified by Verra and Gold Standard. These credits will not only reduce carbon emissions but also contribute to climate, biodiversity, and community benefits, aligning with sustainable development goals.
Through their combined expertise, resources, and commitment to quality, the partnership aims to meet the growing demand for reliable offsets and promote effective nature-based carbon offset projects.
Sources: Rubicon Carbon, Freepoint Commodities, Imperative Global