The transaction is the largest known carbon dioxide removal credit transaction to date, according to MSCI Carbon Markets data
The credits will be delivered from the BTG Pactual Timberland Investment Group’s $1 billion reforestation and restoration strategy in Latin America, for which Conservation International serves as Impact Adviser
The transaction highlights the significant potential for restoration in Latin America to deliver climate impact alongside benefits for biodiversity and communities
Today the White House announced that the US Development Finance Corporation (DFC) is working to assess potential financing of $50 million to help mobilize $1 billion for the BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy. The announcement was made by President Biden during the Major Economies Forum on Energy and Climate Change, when he outlined a number of actions to rapidly scale forest protection and restoration to help address climate change. TIG is a U.