Nature-Based Carbon Offset Momentum Defies Critics
Payne Institute Sustainable Finance Lab Program Manager Brad Handler writes about how 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. February 7, 2023.