New Partnership Boosts Carbon Removal Projects in Developing Regions

New Partnership Boosts Carbon Removal Projects in Developing Regions

By
Drew Campbell

Publish Date:November 4, 2025

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📰 The quick summary: Switzerland-based Altitude and Saudi Arabia’s Voluntary Carbon Market Company have partnered to scale high-quality carbon dioxide removal initiatives in the Global South, advancing verified CO2 removal projects to support global net-zero goals.
📈 One key stat: Altitude recently increased its carbon dioxide financing facility from 50,000 to 250,000 tonnes of CDR, demonstrating significant growth in carbon removal financing capacity.
💬 One key quote: “We are proud to partner with VCM to deliver large-scale, verifiable carbon removals. This agreement underscores what’s possible in the next phase of CDR—supporting meeting global net-zero goals,” Altitude managing partner Daniel Benjamin Schulz added.

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1️⃣ The big picture: Switzerland-based carbon removal financier Altitude and Saudi Arabia’s Voluntary Carbon Market Company (VCM) have formed a strategic partnership focused on scaling verified carbon dioxide removal initiatives in Global South regions. This collaboration aims to boost high-quality carbon removal operations under rigorous standards and transparent monitoring. The partnership supports both companies’ missions while contributing to Saudi Arabia’s ambition to become a global carbon market hub. Together, they plan to advance and deliver reliable carbon dioxide removal solutions that support global net-zero goals.

2️⃣ Why is this good news: This partnership brings much-needed investment to carbon removal projects in developing regions, creating economic opportunities while tackling climate change. The focus on high-quality, verified carbon removal ensures environmental integrity through rigorous standards and transparent monitoring. By scaling these initiatives in the Global South, the partnership helps distribute climate action benefits more equitably across different regions. The collaboration also strengthens the global carbon market by increasing the supply of credible removal credits, making it easier for organizations worldwide to meet their climate commitments through verified carbon removal.

3️⃣ What’s next: The partnership will identify and support carbon removal initiatives in Global South countries that meet stringent verification standards. Altitude and VCM will work to scale these projects, leveraging Altitude’s financing expertise and VCM’s market positioning. The companies will continue monitoring projects to ensure they deliver reliable and transparent carbon removal results toward global climate goals.

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Read the full story here: Carbon Herald – Altitude And VCM Join Forces On Scaling High-Quality CDR In The Global South

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