Carbonfuture Signs Agreement With Klimate.co For 1,800 Carbon Removal Credits

PETROS, PETRONAS Аnd А Japanese Consortium Sign Landmark Storage Site Agreement - Carbon Herald
Credit: Sergey Nivens | Shutterstock

The carbon removal tracing platform Carbonfuture announced on January 26th a new partnership with environmental services provider Klimate.co. The collaboration is a long-term agreement for the supply of a total of 1,800 carbon removal credits by Carbonfuture to Klimate.co.

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“Klimate was founded on the realization that a lot of good money is being wasted on bad carbon offsets – wasteful at best, greenwashing at worst. High-quality carbon removals however can only be scaled when they have integrity at their core. Klimate’s multi-year commitment once again sends a signal to the market, enphasizing that transparent and impact-based climate solutions are necessary to reach a higher credit quality at lower risk,” commented Hannes Junginger-Gestrich, CEO of Carbonfuture.

Klimate.co connects carbon removal projects and buyers with efficient financing. The company works with clients that want to achieve net zero by combining the world’s best carbon removal methods into portfolios that match the clients’ budgets and ambitions. Klimate offers portfolios of companies that can remove CO2 from the atmosphere to help them scale and reverse climate change.

Relevant: Swiss Re Signs Agreement With Carbonfuture For Purchasing Carbon Removal Credits

Carbonfuture provides software that tracks carbon credits and a marketplace for carbon removal purchases. The goal of Carbonfuture is to make carbon removal from the atmosphere simple, trustworthy, and scalable.

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