Carbonaires, UBS, and The Carbon Removers have launched a new carbon finance offering to attract investment in carbon removal.
This partnership aims to stimulate the market for carbon credits generated by removing CO2 emissions from the Scotch whiskey industry.
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Key Project Details
The partnership aims to generate around 134,000 CO2 removal credits over several years. These credits will be verified by Puro.earth, an organization focused on ensuring the integrity of carbon removal credits. The project will help investors gain returns from CO2 removal credits that meet high standards of verification and due diligence.
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Carbon Finance for Professional Investors
This new carbon finance offering is available exclusively to professional investors. The transaction is powered by engineered CO2 credits and is managed through the Carbonplace platform.
The platform enables efficient carbon credit transactions, facilitating growth in a sector projected to see rising demand due to increasing climate action pressures.
A Collaborative Effort in Carbon Removal
Carbonaires played a key role in shaping this deal, connecting with Scotland-based Carbon Removers, a company that specializes in carbon decarbonization projects. Through this collaboration, the partners aim to expand the scale and reach of carbon removal technologies and solutions. The partnership also highlights the growing role of the financial services and insurance sectors in supporting the carbon credit market.
A Growing Market for Carbon Removal
Alison Barto, Chief Partnerships Officer at Carbonaires, expressed pride in the company’s role in structuring the offering with UBS. She stated that expanding access to investment opportunities in the voluntary carbon market was long overdue. Barto expects the offering to attract significant capital flows into carbon removal projects.
Kevin Arnold, Executive Vice Chairman at UBS, emphasized that financial innovation is crucial for accelerating investments in emerging climate technologies. Arnold noted that this carbon transaction is essential for attracting the funding needed to build a negative emissions industry at scale.
A Step Toward Climate Action
Richard Nimmons, CEO of The Carbon Removers, highlighted that this UBS investment not only expands their projects but also directly integrates UBS customers into carbon dioxide removal efforts. He noted that this partnership brings to market permanent and measurable Carbon Removal Credits, contributing to global climate goals.
A New Model for Carbon Removal Investment
This collaboration between Carbonaires, UBS, and The Carbon Removers represents a promising step forward in the carbon finance sector. By offering a transparent, verified method of investing in carbon removal credits, the partnership aims to drive significant new capital flows into the industry.
This innovative model could pave the way for further developments in carbon credit investments, helping to meet the global climate challenge.