Carbon credits
Carbon markets
Nature-based solutions
Investing
Carbon Neutral Royalty, a Vancouver-based firm that supports carbon credits generating projects in the voluntary carbon market (VCM), raised 25 million Canadian dollars ($18 million) from Beedie Investments, a multi-strategy direct investment platform. Carbon Neutral Royalty was founded in 2021 with the aim of building a high-quality, long-life portfolio of projects that generate carbon credits globally to help companies achieve their climate or net-zero pledges.
View over the ocean, snow mountain and rocks. Vancouver, Canada.
The CA$25 million raised will be used for financing commitments with Carbon Neutral Royalty's existing partners and upcoming projects, aligning with the company's investment intentions of mitigating the effects of climate instability and supporting local communities. Carbon Neutral Royalty's CEO, Luke Leslie, expressed delight in closing the financing round with Beedie Capital and highlighted Carbon Neutral Royalty's commitment to encouraging funding for high-impact projects through innovative investment structures based on their analysis of the VCM.
Carbon Neutral Royalty has rapidly scaled its impact in the VCM through partnerships with leading project developers focused on carbon solutions. It believes the market has a crucial role in the global race to achieve net-zero goals. A report by BloombergNEF predicts that the total value of carbon credits traded in the VCM to meet corporate net-zero goals could be worth $1 trillion by 2037. It emphasises the importance of rigorous quality definitions to drive demand and build confidence in the VCM.
Read more: What are the benefits of the booming carbon credits market?
Carbon Neutral Royalty is committed to project and carbon credit integrity, following the recommendations of the Integrity Council for the Voluntary Carbon Market (ICVCM) and promoting the responsible use of voluntary carbon credits based on the mitigation hierarchy. It also adheres to the guidance of the Claims Code by the Voluntary Carbon Markets Integrity Initiative (VCMI) to standardise definitions and reduce greenwashing in the VCM.
Read more: Investing for the good: How socially responsible investing is driving economic sustainability
As a company dedicated to large-scale reforestation projects, DGB Group firmly believes that investment in nature-based solutions is crucial for the future of our planet. With the need to achieve net-zero goals, investing in nature-based solutions, such as reforestation and habitat restoration, plays a vital role in mitigating the impacts of changing environmental conditions and preserving our planet for future generations. As we continue to work towards our mission, we are proud to be part of the movement towards a more sustainable and resilient future. We encourage others to join us in supporting nature-based solutions as a critical pathway towards addressing the global biodiversity and climate crises. Together, we can make a meaningful impact and secure a better future for our planet.
