ARC coalition launches with Tencent and Mitsubishi to finance carbon projects
The Action for Resilient Climate (ARC) coalition has launched, backed by companies including Tencent, Mitsubishi, CATL, Bain & Co, Osaka Gas, and Vale. ARC aims to provide both a demand signal and a financing facility for carbon project developers, addressing capital needs alongside offtake agreements. The coalition seeks to scale carbon markets by committing to a minimum of 10 million tonnes of carbon credits. This initiative differentiates itself by integrating blended finance to support project development, moving beyond traditional buyer coalitions.
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