PwC Legal has advised Arbonics on launching a technology-based platform for carbon systems and ecosystems that aims to simplify and facilitate the functioning of the voluntary carbon market. The service includes drafting commercial contracts.
Arbonics was founded at the beginning of 2022 by Kristjan Lepik and Lisett Luik, and it develops nature-based solutions to fight climate change. According to PwC Legal, “the company provides a way for landowners and forest owners to earn new income by creating and selling the so-called voluntary carbon credits that can be purchased by polluters to compensate for their greenhouse gas emissions. The data models of Arbonics help landowners take specific decisions – for example, decide how and where to plant new crops – thus resulting in added income for the landowner and a positive influence on our living environment. In April, Arbonics raised EUR 1.8 million from Taavet Hinrikus and Plural in an early investment phase.”
PwC Legal’s team included Partner Priit Latt and Attorney at Law Taivo Liivak.
