Anew has made a $640 million equity investment to anchor Terra Global’s Terra Bella Nature-Based Solutions Carbon Pool, a new fund that will finance nature-based projects in rural communities in exchange for verified carbon credits. Credits will be sold to investors, as well as companies looking to meet their own climate goals.
Since 2006, Terra Global has partnered with The Nature Conservancy, Environmental Defense Fund, Green Climate Fund and other organizations on reforestation and agroforestry projects in over 33 countries. “Terra Global has been a pioneer in bringing private finance and markets to the forest and land-use carbon sector,” said Anew’s Randy Lack, while delivering “real, local community co-benefits.”
Women-led Terra Global’s nature-based fund aims to produce climate-mitigation benefits on up to 20 million hectares of forest and other land and attract additional private capital. Anew’s investment represents “catalytic financial support to propel our growth and help deliver meaningful capital to nature-based solutions projects globally,” said Terra Global’s Leslie Durschinger.