We’re thrilled to announce a major carbon transaction with Meta; one of the world's largest such deals to date. Meta will purchase 1.3 million nature-based carbon removal credits, with options on an additional 2.6 million credits through 2038, from our Latin American reforestation strategy.
Blair Swedeen, Global Head of Net Zero and Sustainability at Meta, says about the deal: “BTG Pactual TIG and Conservation International, in their visionary collaboration, are setting a new bar for how sustainable forestry operations can deliver restoration of degraded land, while providing important economic opportunities for local communities. We are proud to support the bold impact strategy that TIG and CI have developed, which aligns with our own goals for our net zero program and for carbon markets broadly.”
As part of the deal, Meta is making its forest monitoring technology available to help establish a rigorous baseline of existing forest cover for TIG’s Latin America reforestation strategy. This includes Meta’s work with World Resources Institute to map tree canopy height at a 1-meter resolution, allowing the detection of single trees at a global scale. All canopy height data and AI models are free and publicly available, including those used for this deal.
More details on the transaction can be found in the press release below. Huge congratulations are due to all involved, including our colleagues at Meta and our collaborators at Conservation International. Getting deals of this magnitude across the line are an immense team effort, and we are grateful to everyone who has supported this effort along the way!
Read more here 👉 https://lnkd.in/eiaCh-ap
BTG Pactual, M Sanjayan, Gerrity Lansing, Charlotte Kaiser, Mark Wishnie, Cedric Rhodes, Rodrigo Bandeira, Esben Brandi, Mitchell Kosches, Caitlin Clarke, David Duncan, Carlos Guerreiro, John Hamilton, Anita Keegan, Matheus Moura, Maria Clara Uquillas, David Cassels, Márcio Barbosa da Conceição, Cedric Rhodes, Nairam Filho, ELIEZER JOSÉ DE SANTANA, Filipe Pacetta, Mauricio Bianco, Rachel Biderman, Will Turner, Will McCarry, Melanie Janin, Jenny Parker, Daniela Raik, Lilian Vendrametto, Sebastião Venâncio Martins, Tracy Johns, Geoff Moore, Patrick Nease, Stacey Yip, Damian W.