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Catona Climate Partners with Tencent to Pre-Order 3 Million Tonnes of Nature-Based Carbon Removals
Jan 18, 2025•over 1 year ago
Contract Type
partnership
Los AngelesFinancial ServicesLendingDescription
Catona Climate has partnered with Tencent to support Tencent’s decarbonization plan, reaching an agreement to pre-order 3 million tonnes of nature-based carbon removals to be issued over 14 years between 2027 and 2040. Tencent has committed to achieving carbon neutrality across its operations and supply chain by 2030.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months