Nature-based Solutions Investment Summit Brazil | 3/15 - 3/30

Your Newsletter at a Glance

Note from the author: The back end of March was full of some exciting new developments in nature-based solutions.

Mercuria launched a $500 million nature-based investment platform, Silvania, to invest exclusively in NbS. The investments are expected to generate carbon credits and co-benefits from reducing or sequestering emissions or increasing biodiversity from Agriculture, Forestry, and Other Land Use (AFOLU).
The TNFD has launched the fourth (v0.4) and final draft of the framework and is on track to publish its final recommendations in September 2023. For the first time in this final draft, the Taskforce has outlined its approach to disclosure metrics proposing a tiered approach of leading indicators, many drawn from existing standards, that seeks to strike the right balance between being science-based and yet practical for market participants to use as part of the annual reporting cycle and on a limited assurance basis.
Capital for Climate is hosting a trailblazing and select group of investors, entrepreneurs and partners galvanizing the emerging Nature-based Solutions (NbS) market through a first of its kind NbS Investment Summit in Brazil. The full-day event includes a mix of expert panels and working group sessions focused on commercial opportunities in agroforestry, bioeconomy products, regenerative agriculture, ecosystem restoration, restoration of degraded farm/pastureland, and sustainable livestock management.

Deal Count: Almost $900 billion in deals or commitments from global climate finance across the 92 stories covered below. ~$735 billion were commitments and ~$153 billion were in deals. Nature-based Solutions saw just $2 billion in direct deal flow, a fraction of the total pool, but a rapidly growing number as the world turns its attention to our most valuable resource... Nature.

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Climate Finance

Deals above $100 million

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Market Watch

TD bank group sets new $500 billion sustainable & decarbonization finance target by 2030 [TD]

This new target represents the next step in the Bank's efforts to help support its customers and clients in the transition to a low-carbon economy and help contribute to improving social outcomes. The eligible environmental, decarbonization and social activities are focused on supporting progress toward key sustainability objectives of TD such as climate change mitigation and adaptation and economic inclusion.

Volkswagen to spend nearly $200 billion in electric vehicles [US Car News]

Volkswagen announced a blockbuster investment in new EV and battery development that will greatly increase its North American manufacturing presence.

Canadian gov’t sets out $83B for clean investment tax credits [Carbon Credits]

The 2023 federal budget includes tax credits for these three investments – clean electricity, clean-tech manufacturing, and hydrogen. Adding investment credits in carbon capture and storage brings the total tax incentives to about $83 billion through to 2034-35.

Research

Singapore, Indonesia sign MOU to develop renewable energy for domestic use and export [The Edge Singapore]

Leaders from Singapore and Indonesia have signed a memorandum of understanding (MOU) to develop renewable energy generation projects in Indonesia, both for domestic needs and for export to Singapore. Known as the Green Corridor Project, it will attract an estimated $50 billion of foreign direct investments to Indonesia, reducing the country’s national determined contributions (NDCs), and transferring renewable energy knowledge and skills into Indonesia.

Net-Zero Industry Act: European Commission unveils new vision for clean energy revolution [Edie]

The European Commission has unveiled its highly anticipated proposals for a Net-Zero Industry Act to accelerate the scale-up and manufacturing of clean technologies across the European Union.