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
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation