Global Infrastructure SherpaGoogle, Meta, and McKinsey Contract Carbon Removal from Living Carbon's U.S. Reforestation Projects
Living Carbon has signed new carbon removal offtake agreements with Google, Meta, and McKinsey, contracting over 130,000 tonnes of carbon removal from U.S.-based reforestation projects. These agreements are part of the Symbiosis Coalition, an advance market commitment collaboration launched in 2024 by Google, Meta, Microsoft, and Salesforce, aiming to contract up to 20 million tons of carbon removal credits by 2030. The specific transaction involves 131,240 tons of carbon dioxide removal from Living Carbon over a 10-year period, supporting large-scale reforestation on degraded lands in the Appalachian region. The projects focus on transforming marginal land, including abandoned mines and degraded farmland, into carbon sinks, delivering co-benefits such as improved soil and water health, enhanced biodiversity, and economic development for rural communities.
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- Living Carbon contracted over 130,000 tonnes of carbon removal.
- Agreements with Google, Meta, and McKinsey.
- Part of the Symbiosis Coalition, launched in 2024.
- 131,240 tons of CO2 removal over 10 years.
- Projects located in the Appalachian region, USA.
Source Intelligence
The Symbiosis Coalition aims to contract up to 20 million tons of carbon removal credits by 2030. The projects focus on transforming marginal land, including abandoned mines and degraded farmland, into carbon sinks, delivering co-benefits such as improved soil and water health, enhanced biodiversity, and economic development for rural communities. The transaction marks the second project announced under Symbiosis’ first joint request for proposals, focused on reforestation and agroforestry projects expected to deliver more than 500,000 tons of carbon removal over 10 years. Projects selected through the Symbiosis RFP process undergo extensive evaluation, including on-the-ground field diligence, geospatial analysis, third-party technical review, and comprehensive risk assessment. Project selection is guided by five key quality pillars, including conservative accounting, durability, social and community benefits, ecological integrity, and transparency.
"Living Carbon announced today that it has signed a new set of carbon removal offtake agreements with Google, Meta and McKinsey"
"Living Carbon announced today that it has signed a new set of carbon removal offtake agreements with Google, Meta and McKinsey"
"Living Carbon announced today that it has signed a new set of carbon removal offtake agreements with Google, Meta and McKinsey"
"Living Carbon announced today that it has signed a new set of carbon removal offtake agreements with Google, Meta and McKinsey"
"The agreements were made through the Symbiosis Coalition, an advance market commitment (AMC) collaboration launched in 2024 by Google, Meta, Microsoft, and Salesforce"
"The agreements were made through the Symbiosis Coalition, an advance market commitment (AMC) collaboration launched in 2024 by Google, Meta, Microsoft, and Salesforce"
"The agreements were made through the Symbiosis Coalition, an advance market commitment (AMC) collaboration launched in 2024 by Google, Meta, Microsoft, and Salesforce"
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