Microsoft and J.P. Morgan Lead $210 Million Financing to Scale Nature-Based Carbon Removal Projects
In a landmark move for climate finance, Chestnut Carbon, a U.S.-based nature-based carbon removal startup, has secured a $210 million non-recourse project finance facility to accelerate large-scale afforestation efforts. The deal marks the first infrastructure-style financing in the U.S. voluntary carbon market. The facility is anchored by Microsoft’s 25-year offtake agreement, under which the tech […]
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