Terra Global Sees Positive VCM Momentum at Climate Week NYC

Reflecting on Climate Week NYC 2024, Terra Global Capital witnessed a promising uptick in demand signals in the Voluntary Carbon Market (VCM), specifically for nature-based solutions high-quality emissions reductions and carbon removal projects. Experiencing a first-hand increase in engagement across the carbon markets, with increased inquiries from buyers for NbS carbon credits and investors seeking to deploy capital.

Across venues, there were exciting announcements from the nature sector. During the ICE-hosted event, held in partnership with Gitterman Asset Management, Accenture, and Fintech.TV, industry leaders from the investment, business, and climate communities shared their latest knowledge and insights on where climate meets capital markets. The Carbonomics Unplugged panel on “Nature-based solutions: Emission reduction and carbon removal from the biosphere”, featured the prominent voices of corporates, scientists and practitioners with Rahul Barua, Director of Climate Finance Innovation at Salesforce, Ed Mitchard, Co-Founder and Chief Scientist, Space Intelligence, Leslie Durschinger, Terra Global's Founder and CEO, and Christopher Zinc, Vice President, Carbon Finance, Conservation International, with moderation from Steve Zwick from Bionic Planet. The panel discussed the importance of NbS reductions and removals from both a science and biodiversity perspective. Durschinger shared Terra Global’s experiences in deploying private sector climate finance to NbS removal projects that are integrated within reductions programs as well as those that are standalone projects. She also gave an example of how blending donor funding with climate finance creates bankability for NbS removal projects and how this can deliver higher returns to the community project owners on the ground.