Symbiosis Coalition Expands Carbon Removal with Mangrove Restoration RFP

The Symbiosis Coalition has launched its second request for proposals (RFP) to fund high-quality carbon removal projects. This time, the initiative will include mangrove restoration for the first time, marking a shift into blue carbon solutions. The group has already committed to removing over 20 million tonnes of CO₂ by 2030 through its advance market agreements. The coalition, which includes major companies like Google, Meta, Microsoft, and Salesforce, set strict criteria for the new RFP. Projects must be located in countries below the US State Department's risk level 4 and follow approved standards. Reforestation, agroforestry, and mangrove initiatives must also offer at least 100,000 tonnes of carbon removal over a decade, using a dynamic baseline for measurement.

Symbiosis plans to pilot a pre-purchase track for up to 1 million tonnes of credits from mangrove projects alone. This expansion follows its first RFP in December 2024, which selected two projects: Mombak's reforestation of degraded pastureland in the Brazilian Amazon and Living Carbon's US-based reforestation effort. All contracted projects will meet the coalition's Quality Criteria and be prepared for commercial offtake agreements. The goal is to support best-in-class restoration efforts that align with the latest scientific and industry standards.

The second RFP broadens Symbiosis' focus to include mangrove-based blue carbon projects for the first time. Successful applicants will contribute to the coalition's target of 20 million tonnes of CO₂ removal by 2030. The initiative continues to prioritise large-scale, high-integrity carbon removal solutions.