Verdanza · Eco
Carbon Asset Origination · Brazil · Investment Briefing
Scaling Brazil's
Carbon Future.
Carbon Future.
A USD 3M anchor investment into Verra-grade ARR & REDD+ projects — backed by Brazil's new carbon law, 20+ years of field execution, and a preferential waterfall structure designed to protect investor capital.
USD 3M
Anchor Ticket
12,000
Hectares
3.58×
Lifetime Multiple
~14%
Estimated IRR
Confidential — Canadian Investor Briefing · 202601 The Opportunity
Verdanza · Eco
Why Brazil. Why Now.
The world's largest carbon sink meets the world's fastest-growing voluntary market.
Eligible Biomes · Verdanza Pipeline
Amazon REDD+ · VM0048
Cerrado REDD+ · ARR
Atlantic Forest ARR · VM0047
Caatinga ARR · VM0047
Scale
60%
of the Amazon sits in Brazil — the planet's largest terrestrial carbon stock.
Market Share
25%
of all global voluntary credit retirements come from REDD+.
Regreener, 2026
Projected VCM Size
USD 2.68T
Voluntary carbon market projected size by 2028.
Forest Trends
Price Floor
$15–35 / tCO₂e
New VM0048 & VM0047 floor range.
Abatable · Sylvera, 2026
Sources: Abatable · Sylvera · Carbon Direct · Forest Trends · Regreener · Verra · 2026
Confidential — Canadian Investor Briefing · 202602 Regulatory Tailwind
Verdanza · Eco
Brazil's New Carbon Law: A Captive Demand Engine.
Federal Law 15,042/2024 establishes the SBCE — Brazil's national emissions trading system.
Five Structural Shifts
1
Law 15,042/2024 enacted Dec 2024 — Brazil's national emissions trading system.
2
Emitters above 10,000 tCO₂e/year must monitor, report, and offset.
3
5-phase rollout 2024 → 2030: Regulation → MRV → Pilot → Cap Allocation → Full Trading.
4
17 sectors phased in through 2031 — captive demand for high-integrity credits.
5
Article 56: insurers must allocate ≥0.5% of reserves into carbon-linked assets — institutional demand floor.
For the first time in Brazil's history, the largest emitters become structural buyers — and the largest carbon sink becomes a regulated asset class.
SBCE Rollout Timeline
2024–25 — Regulation & Framework
2026–27 — MRV Implementation
2028–29 — Pilot Trading Phase
2029–30 — Cap Allocation
2030+ — Full Operation
Sources: ICAP · Columbia Center on Global Energy Policy · Mattos Filho · gov.br/fazenda · 2026
Confidential — Canadian Investor Briefing · 202603 Sector Compliance
Verdanza · Eco
Who Buys. When. How Much.
17 sectors · 3 phases · legal thresholds already defined · first mandatory reporting in 2026.
Threshold 1 · Mandatory Reporting
≥ 10,000 tCO₂e/yr
Art. 11 — Companies required to monitor and report emissions to SBCE.
Threshold 2 · Compliance Obligation
≥ 25,000 tCO₂e/yr
Art. 12 — Subject to reduction targets and mandatory offsetting.
Institutional Demand · Insurers
≥ 0.5% of reserves
Art. 56 — Insurers, pension funds, and reinsurers must allocate into carbon-linked assets. Permanent institutional demand floor.
17 Regulated Sectors · Official Timeline (Ministry of Finance, May 2026)
Phase 1 · Start 2027 · 7 sectors
Heavy industry + oil & gas + aviation
Pulp & PaperIron & SteelCement
Primary AluminumOil & GasRefiningAir Transport
Phase 2 · Start 2029 · 8 sectors
Mining + power + consumer goods
MiningRecycled AluminumPowerGlass
Food & BeverageChemicalsCeramicsWaste
Phase 3 · Start 2031 · 3 sectors
Surface transportation
Road TransportWater TransportRail Transport
Each phase spans 4 years: Year 1 monitoring plan · Years 2–3 active monitoring · Year 4 National Allocation Plan · trading begins after allocation.
Sources: Ministry of Finance (Public Consultation nº 25 · Aug/2025 · preliminary proposal May/2026) · Law 15,042/2024 · Decree 12,768/2025 · Capital Reset.
Sources: Ministry of Finance (Public Consultation nº 25 · Aug/2025 · preliminary proposal May/2026) · Law 15,042/2024 · Decree 12,768/2025 · Capital Reset.
Confidential — Canadian Investor Briefing · 202604 Tech Stack
Verdanza · Eco
Verra-Grade Methodology. Geospatial Execution.
Four layers of spatial intelligence — the same toolchain Verra auditors use.
GIS Layer Stack
Remote SensingL4
Sentinel-2, Landsat 8/9 · LiDAR · drone photogrammetry
Cadastral · SIGEFL3
INCRA vector · CAR · chain-of-title · APP/RL
Verra Risk MapsL2
Allocated Deforestation Risk · jurisdictional · VM0048
Logistics & AccessL1
Road network · urban proximity · MRV feasibility
Verdanza Toolchain
Geospatial Stack
QGIS · ArcGIS Pro · GEE
Python & R pipelines · Google Earth Engine for NDVI time-series analysis
Field Acquisition
LiDAR · Drone · Forest Plots
UAV photogrammetry · stratified forest inventory for calibration
Continuous MRV
Sentinel + AI · 30 years
Automated change detection · deforestation alerts in <72h
Confidential — Canadian Investor Briefing · 202605 Origination Flow
Verdanza · Eco
From SIGEF to Portfolio: Selection Pipeline.
Four stages. From ~10,000 registered properties to 40–50 curated investment-ready areas.
01
SIGEF Base
Download · Filter · Validate
Federal geo-referenced rural property registry (INCRA). Only certified deeds with clean chain-of-title.
~10,000 propertieswith legal documentation
02
Verra Cross-Reference
Risk · Additionality · Baseline
SIGEF parcels overlaid with Verra's Allocated Deforestation Risk Maps (VM0048) and regional baseline.
~1,500 areasVerra-eligible
03
Ranking
Logistics · Access · Proximity
Multi-criteria scoring: road network, urban distance, MRV cost, operational and social viability.
~200 areasranked by viability
04
Curated Portfolio
Due Diligence · Adhesion · PDD
Top-tier areas pass final DD (legal, environmental, social), landowner contracts, and PDD development.
40–50 areasinvestment-ready
Documentation is not the bottleneck — selection is. Funnel ratio: 1:250.
Confidential — Canadian Investor Briefing · 202606 The Pipeline
Verdanza · Eco
Two Anchor Projects. Built to Scale.
12,000 hectares under management · 66,000 tCO₂e issued per year.
VM0048 · REDD+
Anchor Project A
Avoiding Unplanned Deforestation
Area
10,000 ha
Biomes
Amazon · Cerrado
Crediting Period
30 years
Carbon Density
5 tCO₂e/ha/yr
Annual issuance: 50,000 VCUs/yr @ USD 18/tCO₂e
VM0047 · ARR
Anchor Project B
Afforestation · Reforestation · Revegetation
Area
2,000 ha
Biomes
Atlantic · Cerrado · Caatinga
Crediting Period
40 years
Carbon Density
8 tCO₂e/ha/yr
Annual issuance: 16,000 VCUs/yr @ USD 25/tCO₂e
Combined Output
66,000 tCO₂e/yr
Gross Annual Revenue
USD 1.3M /year
Total Area
12,000 hectares
Confidential — Canadian Investor Briefing · 202607 Transparency Commitment
Verdanza · Eco
Nothing Undisclosed. Everything with Consent.
Every step — area selection, methodology, due diligence, contracts, Verra submission — conducted with full institutional transparency and prior investor approval.
01 · Official Communications
Formal briefing at every milestone
Formal documentation of every technical, legal, and financial decision — delivered to the investor before execution.
02 · Prior Approval
Express investor consent required
Every material decision — from area selection to CAPEX allocation — requires the investor's formal approval before initiation.
03 · Full Auditability
End-to-end audit trail
Complete record of methodologies, selection criteria, and document versions — available for independent audit at any time.
04 · Investor Veto Power
Contractual veto clause
The investor can halt any stage deemed out of alignment. Formal clause in the signed partnership agreement — enforceable under Brazilian law.
Boa-fé · Transparency · Cooperation
Contractually binding principles · signed partnership agreement · enforceable under Brazilian law.
Confidential — Canadian Investor Briefing · 202608 The Return
Verdanza · Eco
USD 3M In. USD 10.75M Out.
Investor return of 3.58× over lifetime — payback in 4.4 years via preferential waterfall.
Lifetime Multiple
3.58×
on a USD 3M CAPEX commitment
Payback
4.4 yrs
Via preferential waterfall to investor
Estimated IRR
~14%
p.a. — DCF detailed in Appendix C
Premises
REDD+ priceUSD 18/tCO₂e
ARR priceUSD 25/tCO₂e
Revenue split50/25/25
Lifetime30–40 yrs
Annual Output · Year 3+
Credits
66,000
tCO₂e
Gross Rev.
USD 1.30M
/year
Investor 25%
325k
/year
Lifetime Returns
Total grossUSD 43.0M
Investor 25%USD 10.75M
Verdanza 25%USD 10.75M
Landowners 50%USD 21.5M
All figures undiscounted · base-case pricing · preferential waterfall to investor until payback · sensitivity tested in Appendix C.
Confidential — Canadian Investor Briefing · 202609 The Flywheel
Verdanza · Eco
The Carbon Flywheel: 2 → 4 → 8 Projects.
Verdanza's 25% share is recycled into new project origination — compounding impact and upside.
Cycle 1
Year 1–5
2
projects · 1 REDD+ · 1 ARR
Credits/yr66,000 tCO₂e
Gross/yrUSD 1.3M
Investor/yrUSD 325k
Cycle 2
Year 5–10
4
projects · 2 REDD+ · 2 ARR
Credits/yr132,000 tCO₂e
Gross/yrUSD 2.6M
Investor/yrUSD 650k
Cycle 3
Year 10+
8
projects · 4 REDD+ · 4 ARR
Credits/yr264,000 tCO₂e
Gross/yrUSD 5.2M
Investor/yrUSD 1.30M
The investor's 25% scales linearly with the pipeline — without further CAPEX calls.
Confidential — Canadian Investor Briefing · 202610 Governance & Alignment
Verdanza · Eco
Aligned Stakeholders. Transparent Governance.
Three-way revenue split engineered for long-term alignment.
Revenue Split
Landowners
50%
Investor
25%
Verdanza
25%
Preferential Waterfall
Investor receives preferential waterfall until full payback (~4.4 years), then transitions to the 25/50/25 split. Designed to accelerate capital recovery and de-risk the position.
Contractual Governance Structure
Preferential waterfall to investor until payback (4.4 years), then 25/50/25 split.
Periodic financial AND technical reporting to investor.
Investor approval required for every project advancement.
10% contractual penalty for material breach.
Boa-fé, transparency, and cooperation hardcoded into agreement.
Rafael (PhD) = technical responsible · Verdanza = financial orderer.
Already formalized in a signed partnership agreement.
Confidential — Canadian Investor Briefing · 202611 Risk & Mitigation
Verdanza · Eco
How We De-Risk the Investment.
Six risk vectors. Six concrete mitigations.
Technical / Methodology
Verra-Grade Adherence
Strict adherence to VM0048, VM0047 & VMD0055 — plus all updates and guidance documents tracked in real time.
Land Tenure
SIGEF + Full Due Diligence
SIGEF-audited areas plus full chain-of-title, CAR, and APP/RL compliance before any capital is committed.
Permanence
Satellite MRV + Buffer Pool
Satellite-based MRV, Verra buffer pool contribution, and a 30-year monitoring commitment.
Legal / Regulatory
Aligned to Law 15,042/24
Full alignment with Brazil's Carbon Law and active monitoring of Verra Program Notices.
Price
CCP-Labeled · Diversified Buyers
VM0048-aligned credits with CCP labels command structural price premium · diversified buyer pipeline.
Social License
50% to Landowners
50% landowner revenue share, community co-design, and ongoing technical capacity building.
Confidential — Canadian Investor Briefing · 202612 Why Verdanza
Verdanza · Eco
Field Veterans. Not Office Theorists.
Two decades of ground-truth, science, and institutional access.
01 · Science-Led
PhDs & Antarctic Veterans
OPERANTAR XXVIII, XXIX, XXX
Founders are PhDs in Biology — veterans of three Brazilian Antarctic Operations. Climate science is not a pitch line. It is a CV.
02 · Geo-Tech
In-House GIS & Remote Sensing
Python · R · GEE · LiDAR
Advanced GIS, LiDAR, drone photogrammetry, remote sensing, spatial data science. The same toolchain Verra auditors use — built in-house.
03 · Institutional
Direct Regulator Access
Carbono Brasil · CONAREDD+
Vice-Presidency at Carbono Brasil Coop. Technical member of CONAREDD+ Brasil. Direct line to regulators, certifiers, and policymakers.
04 · Indigenous Edge
Unique Field Relationships
Ground-truth access
Field-built relationships unlock carbon potential on indigenous territories. Scale that cannot be bought — only earned.
20+
years expertise
6
service pillars
3
Antarctic operations
100%
results-focused
Confidential — Canadian Investor Briefing · 202613 Roadmap
Verdanza · Eco
From Day Zero to First Issuance.
A 36-month critical path — then a compounding pipeline.
Month 1–6
Area Selection & DD
SIGEF screening, Verra risk overlay, multi-criteria ranking, legal and environmental due diligence.
Month 6–12
Landowner Contracts
Adhesion agreements, FPIC with communities, benefit-sharing formalization, baseline data collection.
Month 12–24
PDD Development
Project Design Document authoring, field inventory, carbon stock estimation, methodology compliance.
Month 24–30
Validation & VVB
Third-party Validation & Verification Body (VVB) audit, response to findings, Verra submission.
Month 30–36
First VCU Issuance
Verra registration, first credit issuance, market placement, investor reporting begins.
First Verra VCU issuance by end of Month 36
Coinciding with Brazil's SBCE pilot phase — timing aligned with regulatory demand onset.
36
months critical path
5
sequential delivery phases
100%
milestones investor-reported
Confidential — Canadian Investor Briefing · 202614 The Invitation
Verdanza · Eco
USD 3M. 12,000 hectares.
A legacy begins.
A legacy begins.
Anchor the first two projects. Compound into eight.
USD 3M
CAPEX
12,000 ha
Areas
10k REDD+ · 2k ARR
66,000
Annual Credits
tCO₂e / year
USD 10.75M
Lifetime Return
3.58× · payback 4.4 yrs
8
Scale-Out
264k tCO₂e/yr
Together, we transform Brazilian forests into a high-integrity carbon portfolio — anchored in Verra-grade methodology, Brazil's new carbon law, and 20+ years of field execution.
Rafael Gomes de Moura, PhD
Technical Responsible
Verdanza Eco Ltda · verdanzaeco.com
Confidential — Canadian Investor Briefing · 2026A Appendix
Verdanza · Eco
Appendix A · VM0048 (REDD+).
Verra's 2023–24 refresh: avoiding unplanned deforestation, jurisdictionally allocated.
VM0048
Reducing Emissions from Deforestation & Forest Degradation in Areas Experiencing Unplanned Deforestation.
Methodology Pillars
01 · Purpose
Avoiding unplanned deforestation in high-pressure forest jurisdictions.
02 · Risk Allocation
Jurisdictional Allocated Deforestation Risk Maps — Verra-issued, not self-declared.
03 · Baseline
Top-down allocation methodology — reduces over-crediting risk vs. legacy REDD+.
04 · Additionality
Regulatory + barrier + common-practice test — three-pillar additionality.
05 · Permanence
Mandatory Verra buffer pool contribution — non-permanence reserve absorbs risk.
06 · CCP Premium
Core Carbon Principles label = structural premium vs. non-CCP credits.
Confidential — Canadian Investor Briefing · 2026B Appendix
Verdanza · Eco
Appendix B · VM0047 (ARR).
Afforestation, reforestation & revegetation — removal credits at premium pricing.
VM0047
Afforestation, Reforestation, and Revegetation (ARR) — generating high-value removal credits.
Methodology Pillars
01 · Purpose
Afforestation, reforestation, and revegetation on previously degraded land.
02 · Eligibility
Land must have been non-forest for ≥10 years prior to project start.
03 · Dynamic Baseline
Performance-benchmarked baseline updated over the crediting period.
04 · Removals Premium
ARR generates removal credits — higher market value vs. reduction credits.
05 · Biomes
Per partnership contract: Atlantic Forest · Cerrado · Caatinga.
06 · Co-Benefits
Biodiversity, watershed, soil restoration — stackable with CCB & SD VISta labels.
Confidential — Canadian Investor Briefing · 2026C Appendix
Verdanza · Eco
Appendix C · 3 Pricing Scenarios.
The base case is conservative — both the floor and the ceiling have been tested.
Conservative · Downside Floor
2.39×
REDD+ priceUSD 12/t
ARR priceUSD 18/t
Lifetime GrossUSD 28.8M
Investor 25%USD 7.2M
Base Case · Primary Scenario
3.58×
REDD+ priceUSD 18/t
ARR priceUSD 25/t
Lifetime GrossUSD 43.0M
Investor 25%USD 10.75M
Optimistic · Upside Path
4.96×
REDD+ priceUSD 25/t
ARR priceUSD 35/t
Lifetime GrossUSD 59.5M
Investor 25%USD 14.88M
All scenarios undiscounted lifetime · 66,000 tCO₂e annual issuance constant · 50/25/25 revenue split · preferential waterfall · Verra benchmarks for carbon density.
Confidential — Canadian Investor Briefing · 2026