UNDO secures 'global first' carbon removals financing deal

Michael Holder
clock • 5 min read
Spreading crushed rock on farmland | Credit UNDO
Image:

Spreading crushed rock on farmland | Credit UNDO

UK enhanced rock weathering specialist agrees novel debt financing deal and offtake agreement to help scale up its carbon removals activities

UK carbon removals start-up UNDO has secured a novel debt financing deal with a host of major corporates, including British Airways and Standard Chartered, which aims to accelerate the roll out of its...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Global Briefing: Study claims world's biggest firms have caused $28tr in climate damage

Keir Starmer: 'Homegrown clean energy is in the DNA of my government'

More on Offsets

Microsoft inks deal with CO280 to remove carbon from US pulp and paper mills
Offsets

Microsoft inks deal with CO280 to remove carbon from US pulp and paper mills

US tech giant inks yet another carbon removal credits deal, this time with firm which removes and permanently stores CO2 from pulp and paper mills

Amber Rolt
clock 11 April 2025 • 3 min read
Amazon launches carbon credit service
Offsets

Amazon launches carbon credit service

Retail and tech giant to offer suppliers, business customers, and Climate Pledge signatories access to science-based carbon credits

Stuart Stone
Stuart Stone
clock 20 March 2025 • 4 min read
Forest carbon credits: Quality can't come cheap
Offsets

Forest carbon credits: Quality can't come cheap

If we want high quality carbon credits that have tangible benefits for the climate, environment and communities to reach scale, then need to be willing to pay a higher price for them, argues Gabriel Labbate from the UN-REDD Programme

Gabriel Labbate, UN-REDD Programme
clock 13 March 2025 • 3 min read