Each carbon removal transaction under this deal will be structured as 15- to 20-year offtakes, supporting a pipeline of individual Afforestation, Reforestation, and Revegetation (ARR) projects worldwide.
A defining feature of this framework agreement is the scale of Microsoft’s work in this space. By anchoring long-term offtake agreements, this deal demonstrates the growing role of corporate buyers in unlocking private investment for high-integrity carbon projects that might otherwise lack funding.
The Baker McKenzie team was led by Global Chair of the Firm’s Climate Change Group, Andrew Hedges, with support from Senior Associate, Andrew Paget, and Associate, Alex Tam (both London), and Corporate & Securities Partner Daniel de Deo (Washington DC).
Commenting on the transaction, Andrew Hedges, said: “We are proud to have supported Rubicon Carbon on this landmark agreement with Microsoft. This deal underscores our deep expertise in advising on complex, high-impact transactions in the carbon markets and broader sustainability space. Nature-based carbon removal is a critical component of the global climate strategy, and this partnership represents a significant step forward in scaling credible, science-backed solutions.”
