Carbon market coalition Action for a Resilient Climate (Arc) will launch a request for a proposal (RfP) for 1mn t of high-integrity nature-based carbon credits in the first half of 2027, it said on Friday. Arc is also partnering with carbon credit buyers' club Kinetic Coalition to collaborate on carbon market developments.
This marks the coalition's first procurement as part of its goal to purchase at least 10mn t by 2030.
Arc is seeking credits generated by nature-based activities, including afforestation, reforestation and revegetation, mangrove restoration and improved forest management (IFM) projects. It will prioritise credits from projects located in Asia, but all regions are eligible. The RfP will purchase credits on a forward basis, with a preference for projects that have yet to issue units. Suppliers should deliver their credits by December 2028.
The coalition, which was created in May, has stakeholders across financial institutions, governments and philanthropies, such as consultancy firm Bain & Company, carbon procurement firms GenZero, Rubicon Carbon and the Climate Impact X exchange.
Arc will also partner with Kinetic Coalition to share project due diligence information, exchange insights on market developments and collaborate on project sourcing and procurement.
Kinetic Coalition is a buyers' alliance of more than 20 corporates, including tech giants Amazon, Meta, Salesforce, consultancy Boston Consulting Group, McDonald's and PepsiCo.
