The large private tech companies Google, Meta, Microsoft, and Salesforce announced the creation of the “Symbiosis Coalition”, an advance market commitment (AMC) for nature-based removal credits in the voluntary carbon market.

The Symbiosis Coalition aims to facilitate an AMC committment of up to 20 million tons of nature-based carbon removal credits by year 2030, integrating the most recent science and data on the climate impact of restoration while equitably involving and compensating Indigenous Peoples and local communities. Symbiosis intends to serve as an independent, non-profit joint procurement vehicle for nature-based carbon removal credits guided by five pillars: i) conservative accounting, ii) durability, iii) social and community benefits, iv) ecological integrity, and v) transparency.

Members will have the opportunity to purchase carbon removal credits that count towards their pledge through a joint Request For Proposal (RFP) in addition to their own efforts. The initial RFP will focus on afforestation, reforestation, and revegetation projects, inclusive of agroforestry.