Rubicon Carbon, Freepoint Commodities, and Imperative Global have joined forces to develop and fund nature-based carbon offset projects. The collaboration aims to create over 100 million carbon credits and bring impactful results to the Global South. Rubicon Carbon, backed by TPG Rise, specializes in diversified carbon credit portfolios and brings transparency and quality to voluntary carbon markets. Freepoint Commodities is a global commodities merchant with a voluntary carbon business and provides market solutions to VCM market players. Imperative Global focuses on carbon project execution and optimization using advanced technology.
The main goal of the partnership is to promote nature-based carbon offset projects that can produce over 100 million credits. The voluntary carbon market (VCM) is expected to reach $250 billion by 2050, creating a growing demand for voluntary carbon credits. However, the market has been criticized for the issue of low-quality credits, especially in nature-based projects. The collaboration aims to address this concern by driving quality in the VCM and providing capital for large projects.
Rubicon Carbon and Freepoint Commodities are committed to promoting integrity and quality in the VCM. Rubicon Carbon focuses on high-integrity carbon projects and aims to set new market standards. Freepoint Commodities aims to expand its voluntary carbon business and plans to invest in high-integrity projects and developers. They believe this will allow them to offer a wider range of products and services to customers.
Imperative Global’s carbon project portfolio covers Latin America, Africa, and Asia, with a focus on large-scale agroforestry, mangrove restoration, and native-species reforestation. The partnership with Rubicon Carbon and Freepoint Commodities will bring institutional capital, specialized carbon know-how, and large-scale project expertise to address the issue of quality at the source.
The strategic alliance aims to create over 100 million tons of carbon credits certified by Verra and Gold Standard. These credits will not only reduce carbon emissions but also deliver co-benefits and contribute to sustainable development goals. By combining their expertise, resources, and commitment to quality and integrity, the partnership aims to meet the demand for reliable offsets and promote authentic and effective nature-based carbon offset projects.