Rubicon Carbon and Freepoint Commodities have entered into an agreement with Imperative Global to develop, finance, and market up to $500 million worth of high-quality carbon projects. The collaboration aims to drive quality within the Voluntary Carbon Market (VCM) and introduce institutional-scale capital to finance large-scale projects. The VCM, currently valued at $2 billion, is expected to grow to around $250 billion by 2050. The partnership between Rubicon Carbon, Freepoint Commodities, and Imperative demonstrates a shared commitment to advancing the VCM and ensuring project integrity.
Rubicon Carbon Capital, the project financing arm of Rubicon Carbon, will partner directly with project developers to catalyze the implementation of new, high-integrity carbon projects. The companies aim to develop best-in-class projects with sector-defining quality and scale. The collaboration will focus on large-scale nature-based removals projects and impactful initiatives in the Global South. The projects will span Africa, Asia, and Latin America, with a focus on native-species reforestation, mangrove restoration, and large-scale agroforestry.
The goal of these projects is to generate over 100 million tCO2e of high-quality Verra and/or Gold Standard carbon credits, alongside substantial co-benefits for biodiversity and other sustainable development goals. The parties believe that the VCM can drive a just transition, with projects designed to create transformative benefits for local communities.
Freepoint Commodities, as part of its strategy to grow its global voluntary carbon business, is investing in high-quality, high-integrity projects and project developers. The collaboration with Imperative allows Freepoint Commodities to support Imperative’s mission to become a market leader in the VCM space. The partnership brings together a unique combination of sector expertise that enables Imperative to develop an impactful portfolio at the necessary pace and scale.
Overall, this collaboration aims to set new market standards, drive quality in the VCM, and introduce institutional-scale capital to finance large-scale carbon projects. It demonstrates a shared commitment to integrity, quality, and transformative benefits for local communities and the environment.