Google Buys Amazon Carbon Removal Credits from Brazil's Mombak

Google agreed to purchase 50,000 metric tons of carbon removal credits by 2030 from Brazilian startup Mombak, its first nature-based carbon project in South America. The deal reflects intensifying corporate demand for high-quality nature-based removals shaping the global carbon market that Indian project developers also serve.

Google purchased carbon removal credits from Brazilian startup Mombak, its first involvement in nature-based carbon projects in South America, aligning it with tech giants like Microsoft in Amazon restoration. By 2030, Google plans to purchase 50,000 metric tons of carbon removal credits from Mombak, which works with local farmers to replant native species in the Amazon. This follows Microsoft's 2022 agreement to acquire up to 1.5 million credits from the same startup. Mombak previously sold credits to McLaren Racing in 2023 above $50 per ton.

The deal affects the voluntary carbon market and nature-based removal developers, signalling sustained corporate demand during New York's Climate Week. Mombak's CTO Dan Harburg welcomed Google's participation as a positive sector signal. Earlier that week, Meta agreed to purchase up to 3.9 million carbon offset credits from BTG Pactual's forestry division. Google, Microsoft, Meta and Salesforce co-founded the Symbiosis Coalition, committed to securing up to 20 million tons of nature-based carbon removal credits by 2030, expanding demand for high-integrity Amazon restoration projects.

Carbon market participants and nature-based project developers should monitor the Symbiosis Coalition's progress toward its 20 million-ton commitment by 2030 as a demand signal. Buyers should weigh criticism from groups like Greenpeace, who argue offsets let companies avoid addressing root causes of emissions by continuing to emit. Developers should track pricing benchmarks, given Mombak's prior sales above $50 per ton, and corporate appetite for verified Amazon restoration credits as tech firms scale nature-based purchases toward their 2030 targets.

Key figure — Google purchase: 50,000 metric tons of carbon removal credits by 2030