natural capital

The firm will invest growth capital in companies supporting emissions avoidance in agriculture and emissions sequestration via natural assets.

Nature-based solutions need both catalytic and institutional capital to remove carbon from the atmosphere at scale, according to a study by the Forest Investor Club.

Nature-based solutions and nature markets are the most interesting areas for institutional investors , per a Pollination survey.

Land-based aquaculture investments, debt-for-nature swaps and DFI-backed investments are on an upward trajectory but the scale of capital needed remains daunting.

Infrastructure funds are under growing pressure to deliver ‘nature-positive’ investments.

The industry is likely to gravitate towards credit schemes that enable multiple issuances from a single project, says Pollination's Laura Waterford.

The firm has invested $49m in reforestation projects managed by Mombak, in which it has also taken an equity stake.

Monetising the biodiversity benefits of nature-based strategies would bring a 'huge amount of upside', says AXA IM Alts' Jonathan Dean.

The sovereign debt restructuring facility seems capable of solving numerous challenges simultaneously but has some way to go before it becomes an easily replicable way of protecting natural capital.

Julia Mattox, the firm's head of IR, says the impact community should not let 'perfect be the enemy of good' when it comes to the voluntary carbon market.