September 30 - October 4, 2024
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In this Week’s Issue: $15.1 billion across 29 deals in Transition Finance ($5.3 billion), NbS ($8 billion), Carbon Removal ($792 million), Hard-to-Abate industries ($885 million) and the Blue Economy ($111 million).
10 Essential Deals and Commitments:
Transition Finance
- Colombia unveils a $40 billion energy transition plan with a major nature sub-focus
- The U.S. DOE invests $1.5 billion across 4 transmission projects
- Morgan Stanley closes a $750 million climate fund aiming to avoid or remove 1GT of emissions by 2050
- IFC lends $551 million to Engie to grow renewables portfolio and phase out coal
Nature-based Solutions
- The USDA provides $7.7 billion to support conservation and climate-smart agriculture
- Patria Investimentos launches a $100 million target Reforest Fund with Pachama
- Kagome and SVG Ventures make a $50 million agri-investment fund
Hard-to-Abate Emissions
- A.P. Moller launches $1.65 billion target fossil-free plastics production platform
- BBVA invests $200 million in KKR's decarbonization-focused climate strategy
Carbon Removal
Blue Economy
- African countries negotiate a $2 billion debt-for-nature swap
- New York State completes a $111 million coastal protection and biodiversity enhancement initiative
News Highlights
Policy and Regulation
Climate & NbS Finance
- Nigeria projects potential for a $2.5 billion carbon market under new policy
- Carbon capture and storage companies secured $1.2 billion in financing through Q3 2024
Emerging Science
- A UC Santa Cruz study examines gaps in reforestation best practice claims
- A study in Nature Communications finds afforestation and reforestation could reduce global temperatures by .2C if projections are met
C4C News and Events
Learn more about what we're doing
Capital for Climate is excited to have released a new report: Scaling nature finance now: The opportunity for investors in Brazil and beyond, launched by H.E. Razan Al Mubarak, COP 28 Climate Champion and IUCN President at the Opening Plenary of The Nature Hub at NYC Climate Week.
Developed with support from the Gordon and Betty Moore Foundation, this report was built in collaboration with our partners, The Climate Champions team, Innovative Finance for the Amazon, Cerrado and Chaco (IFACC), and Brunswick Group, and it leverages initial results from Deloitte's upcoming NbS Risk Capital Value Chain Report, alongside our original research.
Scaling nature finance now provides readers with:
- Insights on the size of the investment opportunity for nature in Brazil;
- Market data on the ongoing growth in the pipeline of investable Nature-based Solutions;
- Expert perspectives on project success factors and what needs to happen next to scale private financing and investment.
We were pleased to leverage our market intelligence and experience facilitating the Nature-based Solutions investment landscape in Brazil and globally. You can explore more on Capital for Climate’s NbS Investment Platform, and stay up-to-date on weekly deal flow in our Newsletter.
Click here to subscribe! Or, keep scrolling for deal flow.
Nature-based Solutions ≥ $1M
Commitments and deals
Commitments
Ireland allocates $189 million for nature and heritage conservation in its 2025 budget [gov.ie]
- The Irish government has allocated €172 Million ($188.9 million) in its 2025 budget for the conservation and restoration of nature and heritage, marking an 11% increase from the previous year. This includes over €78 million ($85.63 million) for the National Parks and Wildlife Service (NPWS), with €29 million ($32 million) specifically for enhancing national parks and nature reserves. Additionally, €40 million ($44 million) will be invested in water quality initiatives, and €27 million ($30 million) will support the conservation of built heritage and national monuments, alongside increased funding for the Heritage Council.
Deals
- The U.S. Department of Agriculture (USDA) has announced up to $7.7 billion in assistance for fiscal year 2025 to support agricultural and forestry producers in adopting conservation practices on working lands. This includes $5.7 billion for climate-smart practices funded by the Inflation Reduction Act and $2 billion from the Farm Bill, marking the highest annual conservation assistance in U.S. history.
- Entosystem, a Canadian fly farmer specializing in protein production from black soldier fly larvae, has secured a $58 million investment led by Idealist Capital, Sanimax, and Fondaction. This funding will enhance production capacity and support the construction of a second commercial plant. Entosystem processes 90,000 tonnes of organic waste annually, producing 5,000 tonnes of high-quality protein meal and 15,000 tonnes of organic fertilizer while reducing GHG emissions by 85% compared to conventional methods.
- Colossal Biosciences, a company that develops technology to revive extinct species, has established The Colossal Foundation with a $50 million investment. The foundation is expected to leverage the company's technologies for wildlife conservation and ecosystem restoration. The foundation's first four investments will include support for Vaquita conservation in the Gulf of Mexico, assisted reproduction of the Sumatran rhino, tissue sample collection and storage of endangered species through the Colossal BioVault, and conservation of the ivory-billed woodpecker in Arkansas.
- The "One Million Hectares High Quality and Low-Carbon Rice in the Mekong Delta" (1M Ha Project), backed by the Transformative Carbon Asset Facility, will provide $40 million in carbon payments to farmers in Vietnam's Mekong Delta. The disbursements are expected to begin in 2025, following promising pilot results. MARD expects the project to scale to 200,000 hectares of low-emission rice by 2025.
UAE and Ghana Partner on $30 Million nature-based climate solutions initiative. [the national news]
- The UAE and Ghana have launched a $30 million partnership focused on nature-based community development and climate solutions, targeting areas such as biodiversity, reforestation, and agroecology. The initiative aims to enhance local livelihoods while addressing climate change challenges in Ghana, where deforestation due to cocoa cultivation poses significant threats. The partnership aligns with the UAE Consensus goal to halt deforestation by 2030 and incorporates guidelines for measuring, reporting, and verification through Ghana’s REDD+ process. Initial projects will be outlined at the upcoming COP events in Azerbaijan and Brazil.
- Canada is investing over CAD20 million ($15 million) to support sustainable forest policy and stewardship globally. This funding, disbursed through Canada’s Global Forest Leadership Program and International Model Forest Network, will contribute to meeting Canada’s climate and biodiversity goals, promote sustainable forest management, the bioeconomy, wildland fire management, and reduce market barriers for sustainable forest products.
Fund Formation
Patria Investimentos launches $100 million Reforest Fund [funds society]
- Patria Investimentos has launched the Reforest Fund in partnership with Pachama, aiming to raise up to $100 million for reforestation and land restoration projects in Brazil and Latin America. The fund will focus on ecological and productive restoration, utilizing native and exotic species to sell carbon credits, timber, and agroforestry products while creating jobs and supporting local economies. Initial projects will target the Atlantic Forest, with plans to expand to other biomes in the future.
Kagome and SVG Ventures launch $50 million Sunrise Agri Fund [agri investor]
- Kagome Co., Ltd. has partnered with SVG Ventures to launch the $50 million Sunrise Agri Fund, aimed at accelerating innovation in the agricultural sector. The fund will focus on early-stage investments in startups developing solutions to combat challenges like climate change, drought, and crop diseases, with quantum typically ranging between $0.5-1.0 million. The initiative seeks to create sustainable food systems and enhance the resilience of the agricultural value chain globally.
Respira partners with Palladium to launch two nature-based carbon credit funds [carbonherald]
- Carbon finance company Respira has teamed up with Palladium to launch two new funds aimed at supporting nature-based carbon credit projects: Respira Carbon 2, targeting financial investors seeking returns from premium CO2 credits, and Respira Vivair, tailored for corporate investors. The funds will finance initiatives to restore and protect forests, soils, and wetlands, enhancing biodiversity and benefiting local communities, especially in the Global South. This collaboration aims to ensure transparency and quality in nature-based projects, delivering reliable carbon credits for the Voluntary Carbon Market.
Transition Finance ≥ $100M
Commitments and deals
Commitments
- Colombia has launched a $40 billion investment plan to facilitate its energy transition, shifting from oil and gas production towards sustainable tourism and nature restoration. Environment Minister Susana Muhamad announced the initiative during New York Climate Week, aiming to establish a donor roundtable to secure funding from countries like the UK, Germany, Canada, and the EU, similar to recent Just Energy Transition Partnerships (JETPs) with other nations. The plan is broken into:
- $14.5 billion to fund energy transition and renewables expansion,
- $4 billion for nature tourism,
- $3.5 billion for sustainable agriculture,
- $4 billion for climate change adaptation,
- $8.5 billion for ecosystem restoration and conservation,
- And $1 billion for institutional capacity, with $4.5 billion distributed among other sectors. The country is actively raising funds for the plan and is exploring options including debt-for-nature swaps and modifications of the Just Energy Transition Partnership (JETP) model.
- U.S. D.O.E has announced the opening of applications for up to $400 million in funding aimed at innovative clean energy solutions for rural and remote communities, supported by the Bipartisan Infrastructure Law. This funding, part of the Energy Improvements in Rural or Remote Areas (ERA) Program, seeks to support community-driven projects that enhance energy resiliency, lower costs, and promote local economic development. Eligible projects can receive federal awards between $2 million and $50 million, targeting improvements in energy generation, transmission, and efficiency.
Deals
U.S. DOE invests $1.5 billion in 4 transmission projects [renewables now]
- The U.S. DOE will invest $1.5 billion across four transmission projects, to develop almost 1,000 miles of transmission and 7,100 MW of new capacity in Louisiana, Maine, Mississippi, New Mexico, Oklahoma, and Texas. The disbursement is the second round of the $2.5 billion Transmission Facilitation Programme, facilitated by the Bipartisan Infrastructure Law. Additionally, the DOE released the final National Transmission Planning (NTP) study, highlighting the need to double or triple transmission capacity by 2050 to meet growing demand and ensure cost savings.
EU provides $1.3 billion to Poland to support 5.4 GWh of electricity storage development.
- The European Commission has greenlit a €1.2 billion ($1.3 billion) Polish state aid scheme to support the installation of 5.4 GWh of electricity storage facilities. The measure is financed in part by the Modernisation Fund and the Recovery and Resilience facility, and will only back storage facilities with at least a 4MWh capacity. Grants and loans through the project will cover 45% of the investment costs of the supported project, with higher ceilings of 65% and 55% envisaged for small and medium-sized companies, respectively.
- The International Finance Corporation (IFC) has announced a green and sustainability-linked loan to Engie, tied to the utility's achievements of climate goals. These goals include phasing out coal by 2025 in Europe and worldwide by 2027. The IFC provided €340 million for the loan ($372 million), alongside co-financing from the AIIB and French Proparco.
BlackRock invests $500 million in recurrent energy [renewables now]
- BlackRock has closed a $500 million investment in Recurrent Energy, a solar and energy storage unit of Canadian Solar. The investment is expected to enable Recurrent Energy to transition from a pure developer to a developer plus long-term owner and operator model. The company has 26 GWp of solar and 56 GWh of battery energy storage schemes in its pipeline and expects to have 4 GW of solar and 2 GWh of storage in operation in the US and Europe.
Powin secures $200 million for battery storage expansion [Powin]
- Powin, a battery storage developer, has secured a $200 million credit facility to support the company's expansion of its battery energy storage infrastructure. The primary source of the credit was from the global investment firm KKR.
Fund Formation
- Activate Capital, a San Francisco-based venture and growth investor in climate tech, is targeting $500 million for its third fund, two years after closing on the same amount for its second fund. The fund invests in companies across technology-led transitions in energy, transportation, logistics, cybersecurity, and industrial systems.
Miura Partners closes debut impact fund for $148 million [new private markets]
- Miura Partners has closed its debut impact private fund at €135 million ($148 million). The fund invests in growth businesses across 3 sustainability themes: healthier lives, thriving communities, and regenerative planet, with ticket sizes ranging between €5 million ($5.5 million) and €15 million ($16.4 million). The fund has currently made four investments, 1. Tierra: a sustainable green space developer, 2, Wikiloc: a hiking and biking route online platform, 3. GasN2: an industrial equipment manufacturer, and 4. Bianna: a waste management equipment manufacturer.
AIIB commits $100 million to climate transition investments in emerging Asian markets [aiib]
- The Asian Infrastructure Investment Bank (AIIB) has committed $100 million for climate transition investments in emerging Asian markets, with $75 million allocated to the Actis Asia Climate Transition Fund, managed by Actis GP LLP, and up to $25 million for co-investments alongside the fund. This marks AIIB's inaugural climate transition fund focused on the region. The fund aims to finance renewable energy, energy solutions, and sustainable transportation projects, invested in alignment with AIIB’s climate strategy while promoting gender equality in the energy sector.
LPPI to launch a new Environment Opportunities Fund [net zero investor]
- Local Pensions Partnership Investments (LPPI) is launching a new Environment Opportunities Fund, a multi-strategy private markets vehicle designed to leverage opportunities from the global transition to net zero. Set to debut early next year, this initiative reflects a strategic shift for LPPI, which manages the £26.3 billion Local Pensions Partnership pool in the UK and is traditionally reliant on partner fund asset allocation. The fund aims to enhance LPPI's capacity to address climate change through thematic investments across mitigation, adaptation, and nature protection. The projected target investment is still undisclosed.
- The International Finance Corporation (IFC) and HSBC Asset Management have established a specialized fund targeting corporate bond issuers in emerging markets to enhance access to finance and promote sustainable growth. The fund supports HSBC's Global Emerging Market Corporate Sustainable Bond Strategy by investing in publicly listed bonds and is classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR). This collaboration aims to attract additional institutional investors and accelerate the green transition of sustainable businesses, building on their previous partnership launched in 2019.
Green Bonds ≥ $100M
Commitments and deals
New Issuances
- The California Community Choice Financing Authority plans to issue $995 million in tax-exempt green bonds to finance 30 years of renewable electricity supply, including wind, solar, and geothermal energy, for 313,000 customers in San Mateo and Merced counties. Backed by electricity sales revenues, the bonds have been rated A2 by Moody's and will be underwritten by Goldman Sachs and Siebert Williams.
Completed Issuances
- Indian state-owned REC Ltd raised $500 million through 5-year green dollar bonds at a 4.75% coupon rate, under its $10 billion global medium-term program. Proceeds will finance renewable energy projects aligned with REC's Green Finance Framework and green bond principles of the Climate Bond Initiative.
Carbon Removal ≥ $1M
Commitments and deals
Commitments
- TotalEnergies commits $80-$90 billion over the next five years to support its two-pillar strategy, focusing on oil, gas, and LNG alongside electricity growth, with $25 billion earmarked for low-carbon energy investments from 2025 to 2030.
UK government plans $28.5 billion in carbon capture investments [carbon herald]
- The UK has pledged £21.7 billion ($28.5 billion) to fund carbon capture and storage (CCS) projects across the country. The funding will subsidize CCS cluster development in Teeside and Merseyside, industry-heavy areas in northeast England and northwest England/north Wales. The funding will be disbursed over 25 years, starting in 2028, and will support the capture of up to 8.5 million tonnes of CO2 emissions.
- TPG Rise Climate and Singapore’s GIC have agreed to acquire Germany-based Techem Group for approximately €6.7 billion ($7.4 billion), with the deal expected to close in the first half of 2025. Techem, a developer of smart and sustainable building services, operates in 18 countries and serves over 13 million dwellings, focusing on decarbonization and digital solutions for the real estate sector. The investment aims to enhance Techem's capabilities in reducing the carbon footprint of buildings and expanding its services globally.
Deals
The U.S DOE awards 1PointFive $36 million through the CarbonSAFE Initiative [carbonherald]
- Occidental subsidiary 1PointFive has announced it has been awarded $36 million in funding from the U.S. Department of Energy to accelerate the development of the company's Bluebonnet and Magnolia sequestration hubs. The hubs are expected to sequester CO2 from the company's DAC projects and partners and clients using point source capture nearby.
- Avantium NV, a circular and polymer materials company, has received €3.5 million ($3.8 million) from the EU Horizon Europe program to participate in the ICONIC research and development program. The ICONIC program funds technology development to convert CO2 into formic acid, a sustainable protein production ingredient. The grant will be paid out in tranches over four years. Avantium will participate in the project by scaling up electrochemical cells to convert CO2 from refinery gasses into palm oil.
- Eion, a carbon removal company specializing in enhanced rock weathering (ERW) has announced a new agreement with Microsoft to provide 8000 tons of permanent carbon removal over 5 years. The company will partner with farmers in the U.S. mid-Atlantic, who will spread a mineral-rich olivine mixture across fields to capture carbon. The agreement comes after a recently closed $3 million series A extension funding round focused on commercialization and R&D.
Fund Formation
- Morgan Stanley Investment Management (MSIM) has finalized the closing of its 1GT climate private equity fund, securing $750 million in equity capital commitments. The fund focuses on growth-oriented investments in North American and European companies, aiming to collectively avoid or remove 1 gigaton of carbon dioxide-equivalent (CO2e) emissions from the atmosphere by 2050. The investment group includes several leading institutions from Europe, Japan, and North America.
Hard to Abate Sectors ≥ $1M
Commitments and deals
Commitments
A.P Moller launches a $1.65 billion fossil-free plastics production platform [esg today]
- A.P. Moller Holding has launched Vioneo, a venture seeking to develop and manufacture fossil-fuel-free plastic. The company has designed a production method for fossil-free polypropylene and polyethylene packaging, which Vioneo aims to power using renewable energy to reduce GHG emissions and produce a 100% fossil-free end product.
CIF commits $1 billion to decarbonize industrial sectors in developing countries [reuters]
- The multilateral Climate Investment Funds (CIF) will invest up to $1 billion to accelerate the decarbonization of high-emission industrial sectors like cement, steel, iron, and chemicals in developing countries. Funded through CIF's $8.6 billion Clean Technology Fund, this initiative aims to mitigate around 25% of global greenhouse gas emissions from these sectors, fostering more investment by taking on higher risk and offering lower financing rates.
- The U.S. Department of Energy announced up to $50 million in funding for three clean energy projects in Colorado, Massachusetts, and Virginia, aimed at enhancing the electric grid's resilience and efficiency. These initiatives, part of the Distributed Energy Systems Demonstrations Program, focus on integrating distributed energy resources to meet growing electricity demand from electrification across various sectors. All projects will be implemented in or near disadvantaged communities, with the goal of showcasing scalable solutions for reliable energy management and climate resilience.
Deals
Essar Energy Transition Fuels secures $650 million in financing for HPP1 Project [businesstoday]
- Essar Energy Transition Fuels has secured $650 million in financing to support its HPP1 project, including a $150 million receivable facility with ABN AMRO Bank, a $200 million extension of existing receivable financing with HCOB and UMTB, and a $300 million trade credit financing agreement with an international oil company. The project aims to facilitate the transition towards more sustainable energy sources by enhancing the refinery's capacity to produce lower-carbon fuels and chemicals. The funding aims to enhance operations at the Stanlow refinery and underscores the UK government's support for the initiative.
- BBVA has partnered with KKR to enhance decarbonization efforts by investing $200 million (€187 million) in KKR's global climate strategy, targeting large-scale solutions for a low-carbon economy. Announced during Climate Week in New York, this alliance aims to identify investment opportunities in climate infrastructure, particularly in energy transition and electrification, leveraging the strengths of both firms to accelerate sustainable growth in key sectors such as energy, construction, and mobility.
- GeoPura, a UK-based hydrogen technology company, has successfully closed a £22 million ($29 million) debt funding round to scale its fleet of green hydrogen power units and enhance global deployment. This marks the company's first major asset-backed debt funding, complementing a £56 million ($73 million) equity investment earlier this year and contributing to a total of £114 million ($149.25 million) raised over the past two years from investors like Siemens Energy and General Motor Ventures. The new financing was secured from a consortium including BNP Paribas Leasing Solutions, HSBC UK, and Siemens Financial Services.
Fund Formation
- Climate financing platform Two Point O Capital has secured $6.3 million in seed funding, led by Omnivore and supported by multiple investors, including Multiply Ventures and RTP Global. The startup focuses on providing debt financing for distributed clean energy projects, such as solar rooftops and energy efficiency equipment. The funds will enhance its tech-enabled platform for sourcing, underwriting, financing, and monitoring clean energy initiatives. The company hopes to accelerate India's clean energy transition, particularly in underserved sectors like rural and agriculture.
Blue Economy ≥ $1M
Commitments and deals
Commitments
- At least five African nations are negotiating the world’s first multi-country "debt-for-nature" swap to raise $2 billion for protecting coral ecosystems in the Indian Ocean. This initiative, known as the “Great Blue Wall,” involves countries including Kenya, Madagascar, Seychelles, and others, aiming to conserve 2 million hectares of ocean by 2030. If successful, it will address challenges such as fishing rights and financing, but lengthy negotiations are needed to finalize the deal.
Deals
- Governor Kathy Hochul announced the completion of the Living Breakwaters project, a $111 million initiative designed to enhance coastal resilience in Staten Island by mitigating storm wave impacts and erosion. The project features 2,400 linear feet of partially submerged breakwaters that protect homes in the Tottenville area, improve the aquatic ecosystem of Raritan Bay, and promote biodiversity by creating habitats for marine life. Funded by $97 million in HUD disaster recovery grants and $14 million from the state budget, Living Breakwaters is part of New York’s broader strategy to combat climate change and achieve carbon neutrality by 2050.
- The U.S. Department of the Interior announced $2.6 million in grants under the Coral Reef and Natural Resources Initiative to protect biodiversity in the Insular Areas. $314,086 was granted to Palau to develop its System of Natural Accounts which aims to enhance data organization and support economic decisions that prioritize environmental health. $245,000 was provided to American Samoa, $948.281 to the Northern Mariana Islands, $293,3511 to Guam, $599,970 to the U.S. Virgin Islands, and $224,000 to the National Coral Reef Management Fellowship Program.
NOAA Secures $1.8 Million for Arctic Ocean monitoring technologies [noaa]
- The Department of Commerce and NOAA have announced a $1.8 million award to enhance ocean monitoring technologies within NOAA's Arctic Research Program. Funded by the Bipartisan Infrastructure Law, this initiative aims to improve understanding of changing sea ice and ocean conditions in the Arctic, addressing the impacts of climate change. U.S. Secretary of Commerce Gina Raimondo highlighted the investment's significance for scientific research and the economic well-being of Arctic communities.
- Ocean Visions, a non-profit focused on the relationship of Oceanic ecosystems to climate change, has announced a $1.5 million award for the development of a marine carbon dioxide removal (mCDR) impact assessment framework. The award aims to catalyze the development of frameworks for assessing the effectiveness and impact of marine CDR activities. Pre-proposals are due October 16, 2024, with the winning team receiving a $1.5 million award for up to 24 months.
Research and Knowledge Sharing
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Policy and Regulations
- Oil companies, including Exxon Mobil, Phillips 66, and Occidental Petroleum, are urging the GOP and former President Trump to preserve provisions of the Inflation Reduction Act (IRA) that support low-carbon energy investments. Despite initially opposing the law, these firms now emphasize its importance for tax credits that enable investments in renewable fuels, carbon capture, and hydrogen technologies. Executives express concern that a potential Trump administration might aim to repeal parts of the IRA, jeopardizing their significant investments in these areas.
Wildfires raise salience of California's Proposition 4 [cbs news]
- California's Proposition 4 proposes a $10 billion investment for climate and environmental projects, focusing on wildfire prevention and climate resilience. The funding will enhance infrastructure to withstand climate impacts, support renewable energy initiatives, create jobs in green technology, and prioritize projects benefiting underserved communities. This comes amid a severe wildfire season, highlighting the urgent need for improved fire prevention and response strategies.
Finance Research and Updates
- The Nigerian Federal Government anticipates that the Nigeria Carbon Market Activation Policy (NCMAP) could unlock a carbon market valued between $736 million and $2.5 billion by 2030 while generating 600,000 to 2.3 million green jobs for youth. The initiative aims to promote sustainable development across Nigeria and Africa. This was announced by Ambassador Nura Rimi during the Corporate Climate Action event at the 79th UN General Assembly in New York.
- Carbon Herald, utilizing data from Crunchbase, has found that carbon capture and storage solutions have received growing investment, securing nearly $1.2 billion in equity and debt financing in the first 3 quarters of 2024. More than half of this was raised by the carbon transformation company Twelve, which raised $645 million in 2024.
- The Global Innovation Lab for Climate Finance endorsed its 2024 class of 10 innovative climate finance solutions, representing $490.5 million in investment opportunities. The solutions focus on renewable energy access, gender equity in agriculture, sustainable land management, and urban resilience. Pilots will launch in Brazil, Colombia, India, Mexico, the Philippines, and South Africa, aiming to unlock private capital for climate action.
3M secures SBTi validation for decarbonization targets, including First Scope 3 Goal [3M]
- 3M has secured Science Based Targets initiative (SBTi) validation for its near-term emissions reduction targets, including its first scope 3 goals, aligning with the 1.5°C Paris Agreement trajectory. The company aims to cut scope 1 and 2 emissions by 52.6% and scope 3 by 42% by 2030, reinforcing its commitment to decarbonization and customer innovation across industries.
Emerging Science
- A new paper in Conservation Letters examines current gaps in best practices reporting among organizations engaged in large-scale reforestation. The study found that, while 70% of 99 reviewed organizations, only 41% reported tree survival rates, and only 25% had time-bound objectives, with only 38% reporting measures of benefits to local communities.
- A new study published in Nature Communications models over 1,200 scenarios developed using Integrated Assessment Models to examine land use and restoration pathways to estimate the effect of afforested and reforested land (AR) on global mean temperatures. The study found that, if targets are met, there could be an estimated 595 Mha of AR land by 2060, and 935 Mha by 2100. Under such a scenario, peak temperature could be reduced by 0.08C by mid-century, and .2C by the end of the century.
Study finds wildfires will make the land absorb less carbon even if warming is kept below 1.5C
- A new study published in Nature Geoscience examines the ability of the planet to absorb carbon as wildfire frequency and severity increase due to climate change. The study estimates that by reducing carbon absorption capacity, wildfires reduce the remaining carbon budget by 5% if warming is to be kept below 1.5C.
Check out our Nature-based Solutions Investment Platform Here!
The Nature Tech Market. Necessary, Emergent, Dynamic
Capital for Climate, along with its partner, Nature4Climate, released a first-of-its-kind landscape analysis of the nature tech market. This report illuminates a burgeoning sector that will help protect, manage, and restore nature.
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