Carbon Streaming Announces Landmark Azuero Reforestation Carbon Removal Project in Collaboration With Rubicon Carbon, Ponterra, and Microsoft

Core Insights - Carbon Streaming Corporation has entered into a carbon credit streaming agreement with Microsoft and Rubicon Carbon Capital for the Azuero Reforestation Project in Panama, aiming to restore 10,000 hectares of degraded tropical forest [1][3][4] Project Overview - The Azuero Reforestation Project will restore land previously converted to low-density cattle ranchland, utilizing over 75 native tree species and involving local communities [3] - The project is expected to remove 3.24 million tonnes of carbon dioxide equivalent (tCO2e) and generate an equivalent number of carbon credits under Verra's ARR methodology [4] - The project will create over 300 permanent local jobs and enable over 100 local landholders to earn income from reforestation activities [3][4] Financial Aspects - Carbon Streaming, Microsoft, and Rubicon will fund 100% of the project costs over seven years, with an initial deposit of US$0.315 million and milestone payments up to US$6.750 million [8] - Carbon Streaming will receive 13.5% of the total credits generated, expected to be approximately 438,000 carbon credits through 2052 [7][8] - Microsoft is expected to receive approximately 1.6 million carbon credits from the project, with a long-term offtake agreement to purchase 100% of Carbon Streaming's credits through 2040 [6][7] Strategic Importance - The project aligns with six UN Sustainable Development Goals, including No Poverty, Quality Education, and Climate Action, highlighting its social and environmental co-benefits [3][7] - The Azuero Reforestation Stream represents one of the largest nature-based carbon removal deals to date, showcasing a transformative step for Carbon Streaming [6][7][8]