Climate Impact Partners and Green Earth, in collaboration with a multinational pharmaceutical company, have announced a major long-term offtake agreement for over 1.5 million tonnes of verified carbon credits. The agreement covers the full volume of credits expected from the Mount Kenya Regenerative Agroforestry Project, an expansive restoration initiative across the Mount Kenya and Aberdare regions.
The project, developed by Green Earth, aims to restore up to 15,000 hectares of land previously impacted by forest degradation. By focusing on reforestation and agroforestry, the initiative is designed to restore native tree cover, enhance soil and water health, and protect local biodiversity while providing sustainable livelihoods for thousands of smallholder farmers.
Key impacts of the project include:
- Landscape restoration: Large-scale recovery across two of Kenya’s most vital ecological zones.
- Livelihood creation: Delivery of training, employment, and new income streams for local farmers, with project yields and benefits retained by the community.
- Ecosystem resilience: Improved water and soil health to support long-term climate adaptation.
Climate Impact Partners utilised its carbon market expertise to select and secure the project for the pharmaceutical company, ensuring it met rigorous standards for climate, community, and biodiversity impact. The project was registered under Verra’s Verified Carbon Standard (VCS) in 2024, with the first issuance of credits anticipated in 2027.
“Nature-based projects take time, discipline, and an on-the-ground presence,” said Selwyn Duijvestijn, CEO of Green Earth. “Working with Climate Impact Partners to secure this long-term offtake agreement provides important revenue visibility for the project and demonstrates the strong global demand for high-quality, community-centred carbon credits.”
Sheri Hickok, CEO of Climate Impact Partners, emphasised the strategic importance of the deal: “Long‑term offtake agreements are one of the most effective ways to scale high‑quality carbon removals, and a clear signal as the market transitions towards an infrastructure‑like model. They provide the certainty projects need and the integrity climate‑leading companies demand.”
The project is currently transitioning to VM0047, a methodology approved under the ICVCM Core Carbon Principles (CCP), further aligning the initiative with the highest tiers of global carbon credit integrity.
