Microsoft Buys 350,000 Nature-Based Carbon Credits From Kenyan Agroforestry Project

Microsoft Buys 350,000 Nature-Based Carbon Credits From Kenyan Agroforestry Project - Carbon Herald
Image: Trees for the Future

Catona Climate, a prominent global climate finance firm, announced the signing of a six-year offtake agreement with Microsoft for the procurement of 350,000 tonnes of carbon credits from an agroforestry initiative based in Kenya.

The project between Catona and Trees for the Future, a longstanding nonprofit partner, is aimed at aiding Microsoft in its ambition to achieve carbon negativity by 2030.

“Catona has been instrumental in helping us finance, design and implement this groundbreaking community-driven project, and I’m thrilled to have a climate leader like Microsoft involved as well,” said Tim McLellan, Trees for the Future CEO. “Microsoft’s support of nature-based solutions and this project align nicely with our vision to revitalize degraded lands and enhance the lives of farming communities around the world through sustainable agroforestry practices.”

Situated in Homa Bay, Kenya, the Lake Victoria Watershed Agroforestry Project engages with 15,000 local smallholder farmers who are involved in the development of so-called “forest gardens,” comprised of multi-tiered combinations of trees, shrubs, and crops.

Through extensive training, farmers learn agricultural techniques that optimize yields while eschewing the need for fertilizers or pesticides. Moreover, this initiative contributes to the prevention of deforestation and biodiversity loss. It also mitigates the adverse effects of drought and soil runoff through integrated water and soil conservation methods. By fostering consistent income streams and enhancing food security, the project underscores its multifaceted benefits to the local communities.

Relevant: Emissions Platform CYNK Debuts In Kenya With Forward Trade Of 2M Carbon Credits

“This collaboration demonstrates what’s possible when like-minded stakeholders come together to align on project quality and impact,” added Rob Lee, Catona Climate’s Chief Carbon Officer. “There is no path to meeting Paris Agreement targets that doesn’t involve carbon removals. Our job is to source, vet, design, finance, monitor and measure the projects that will allow companies like Microsoft to achieve their climate goals, so we can all look forward to a sustainable future.”

Brian Marrs, Senior Director for Energy & Carbon Removal at Microsoft said, “With organizations like Catona, we’re able to add agroforestry projects to our portfolio that not only remove carbon but also meaningfully support biodiversity and benefit local communities in the short and long term.”

The purchase made by the global tech giant is part of its Carbon Removal Program which has become one of the most active players when it comes to offtake agreements with innovative projects in the reforestation, aforestation and technology-based carbon removal areas.

Read more: Chestnut Carbon Signs 15-Year Carbon Credit Offtake Agreement With Microsoft

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