Altitude and VCM Partner to Scale CO2 Removal in the Global South
Switzerland-based carbon removal financier Altitude and the Saudi Arabia-based Voluntary Carbon Market Company (VCM) have entered into a strategic partnership aimed at expanding high-quality carbon dioxide removal (CDR) projects across countries in the Global South.
The collaboration will focus on supporting and scaling verified CO2 removal initiatives that meet strict standards and methodologies, ensuring transparent and reliable results. These efforts are intended to help advance global net-zero objectives by promoting sustainable operations and credible carbon removal outcomes.
“We are proud to partner with VCM to deliver large-scale, verifiable carbon removals. This agreement underscores what’s possible in the next phase of CDR—supporting meeting global net-zero goals,” said Daniel Benjamin Schulz, Managing Partner at Altitude.
Erik Ringvold, Chief Business Development Officer at VCM, noted that the collaboration reflects the company’s commitment to scaling high-quality CDR efforts and reinforcing Saudi Arabia’s ambition to become a leading carbon market hub.
This partnership reflects both organizations’ shared mission to accelerate responsible carbon removal pathways and mobilize substantial CDR capacity across developing regions.
Author’s summary
The Altitude–VCM alliance seeks to expand certified carbon removal projects in the Global South, driving credible CDR growth and contributing to worldwide net-zero ambitions.