Nature-based carbon offset momentum defies critics

A recent trend towards offset crediting at a jurisdictional level is raising funds at a much larger scale than traditional project-based programmes

Climate solutions company Anew Climate in January announced it will deploy a $640mn investment to anchor social enterprise Terra Global Capital’s Terra Bella NBS Carbon Pool. The scheme seeks to preserve forests by committing to purchase carbon offset credits. It is part of a recent movement in offset crediting to work at a jurisdictional level (i.e., an entire country or region) and thus is raising funds at a much larger scale than traditional project-based programmes. Other recent examples include the public-private Leaf Coalition, in which four governments and more than 25 corporations—including tech company Amazon, vehicle manufacturer Volkswagen and UK consumer goods firm Unilever—have