ImpactAlpha, Feb. 4 – French investment manager AXA invested debt and equity from The AXA IM Impact Fund: Climate and Biodiversity. Bonds will be launched for each project, with an AXA fund as the first subscriber.
The deal signals “the insurance industry is moving to not only account for risks from climate change, but also to invest in forest restoration projects that mitigate those risks,” Forest Carbon’s Jeffrey Chatellier told ImpactAlpha.
Peatland restoration. The AXA deal will speed new projects to market, Chatellier said. Forest Carbon’s first project in Indonesia, the Sumatra Merang Peatland Project, has secured carbon offset buyers to restore a peatland forest as habitat for Sumatran tigers and other species.