Singapore-based nature-based solutions project developer Thryve.Earth announced that it has signed a series of long-term offtake deals with Google, McKinsey and Tencent to remove more than 635,000 tonnes of carbon through a new agroforestry project restoring 6,000 hectares of degraded land in Indonesia. The agreements mark the largest carbon removal commitment to date for Google, […]
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Google, McKinsey, Tencent Sign Large-Scale Nature-Based Carbon Removal Deals - ESG Today
Abatify Summary
Nature & Climate Perspective
**Large-scale nature-based carbon removal deals by tech and consulting giants will catalyze critical funding for tropical ecosystem restoration and biodiversity conservation. **
- The deployment of capital to Thryve.Earth projects directly supports the restoration of degraded landscapes, enhancing local biodiversity and ecological resilience.
- By scaling these nature-based solutions (NBS), the agreements significantly boost long-term carbon sequestration within global LULUCF (Land Use, Land-Use Change, and Forestry) sinks.
- Multi-year funding structures mitigate project-level permanence risks by ensuring sustained, long-term monitoring and ecological stewardship.
Market & Policy Outlook
**These high-profile offtake agreements reinforce market demand for ICVCM-aligned credits and set a powerful precedent for corporate net-zero strategies globally. **
- The transactions align with the ICVCM Core Carbon Principles (CCPs), emphasizing additionality, robust baseline quantification, and the prevention of double counting.
- These long-term carbon removal agreements provide the financial liquidity needed to transition the voluntary market toward high-integrity removals required by SBTi for neutralizing residual emissions.
- The deal leverages Singapore's regulatory infrastructure, positioning the region as a primary trading hub for high-quality credits that could transition to Article 6.2 ITMOs in the future.
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