LONDON, February 14, 2022 – Abatable, a carbon procurement platform, has entered into a strategic partnership with Key Carbon*, a Canadian incorporated streaming investment company that provides financing solutions for carbon projects globally in return for a share of future carbon credits.
Under the terms of the partnership, Abatable will provide Key Carbon with access to investment opportunities in carbon offsetting projects and market intelligence solutions that support its project diligence underwriting. “Abatable monitors carbon project developers globally, using a proprietary framework to identify high integrity carbon offset projects. Abatable’s project filtering, pricing intelligence and origination capabilities are highly complementary to Carbon Neutral Royalty’s core business of financing offset projects” said Brett Heath, Chairman of Key Carbon.
Abatable will also act as an exclusive distribution partner for the carbon credits generated by Key Carbon’s investments, which will be available to Abatable’s customers through its carbon procurement platform. “We are pleased that Key Carbon chose Abatable’s carbon procurement platform as a distribution channel for its diversified and high-quality carbon credit portfolio. Abatable will benefit from Key Carbon’s strong experience in streaming investment models and its access to projects. Our common vision is to accelerate the world’s transition to a net-zero future by bringing capital to carbon projects and developers that can create ecosystem value beyond carbon markets.” said Maria Filmanovic, co-founder of Abatable.
* This article was updated on 26 September 2023 to reflect the fact that Carbon Neutral Royalty rebranded to Key Carbon.
Founded in London in 2021, Abatable offers carbon procurement solutions for corporate buyers, carbon project developers and intermediaries. Abatable also offers market intelligence and carbon project underwriting tools to corporate offsetting buyers and institutional investors. The founding team includes a former Vice President at Goldman Sachs with experience advising corporates on forestry investments and carbon procurement, and a former Product Manager at Monzo, Google and Facebook. Abatable has received venture capital funding from Y Combinator, Blue Bear Capital and Global Founders Capital.
About Key Carbon
Key Carbon Ltd. is a Canadian company, headquartered in London, founded by two Harvard Business School alumni, with a long track record financing major companies in the natural resources sector. Key Carbon provides flexible project financing to developers in return for a percentage of future carbon credits. The company supports projects through the life cycle, from concept to mature projects issuing credits today.
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