Bolivia’s Exomad Green, Microsoft Enter Into Landmark Carbon Credit Agreement
The largest-ever carbon removal deal involving biochar, marking a major milestone in the carbon removal market, turns sustainable forestry residues from Bolivia’s Exomad Green SRL into credits purchased by Microsoft. The long-term contract involves the verified removal of 1.24 million tons of carbon dioxide over the next decade and is recognized as the largest-ever carbon removal deal involving biochar to date.
This agreement establishes biochar as a scalable solution for carbon credit procurement, and serves as a viable path toward corporate net-zero commitments.
This transaction was handled by Lawson Huck Gonzalez, PLLC (Lawson) partner Harold “Ed” Patricoff, Jr., an authority in climate and energy transition law. His move marks a significant step in the firm’s expansion into cross-border and climate-related transactions, with the firm now having five offices across Florida.
“This agreement reflects a new era of climate accountability,” explains Patricoff. “Exomad Green has demonstrated how scalable innovation can deliver credible, science-backed carbon removal. And Microsoft’s decision to contract for these removals sets an important precedent for corporate climate strategies grounded in integrity and impact.”
Latest news
Wood Bio Conference Dates Announced
Event host Wood Bioenergy magazine has announced that the eighth Wood Bioenergy Conference & Expo will be held Tuesday-Wednesday, March 12-13, 2024, and once again in the Grand Ballroom North of the Omni Hotel in downtown Atlanta, Georgia, USA…
USDA Awards NIU $650K For Biomass Pipeline Feasibility Study
Northern Illinois University (NIU) professor Mahdi Vaezi is investigating the feasibility of constructing an innovative, first-of-its-kind biomass pipeline. The research project, supported by a $650,000 award over four years to NIU from the U.S. Department of Agriculture, could lay the groundwork for the world’s first biomass pipeline in the state of Maine, says Vaezi, a professor of Engineering Technology…
Permits Granted For Construction Of CoalSwitch Facility In Maine
Active Energy (AEG), an international biomass based renewable energy business, has announced Player Design, Inc. (PDI) has received the relevant permitting for the construction and operation of a CoalSwitch manufacturing facility at PDI’s site in Ashland, Maine…
Airex Energy Completes $38M Funding Round
Canada-based biomass carbonization technology provider Airex Energy Inc. announced it has concluded a Series B funding round valued at $38 million Canadian, which Airex Energy states will fast-track its growth initiatives, including a Québec biochar project tying in with its partnership with France-based environmental quality developer, Suez, which aims to significantly boost biochar production in…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.