HomeCarbon CreditsCanadian Pension Plan Invests in Carbon Credits

Canadian Pension Plan Invests in Carbon Credits

The Canadian Pension Plan Investment Board (CPP Investments) and Conservation International announced a new partnership to invest in nature-based climate solutions (including Carbon Credits). This partnership is the first of its kind between a global asset owner and an established NGO.

Their goal is to support the development of high-quality offset projects that will reduce global carbon emissions.  These projects will take place in Brazil, Chile, Columbia, and Peru and span 20 million hectares of land (approximately 49,000,000 acres). This can prevent more than four million metric tons of carbon from being released into the atmosphere each year.

The first project will take place at the Amarakaeri Communal Reserve in Peru.

“We’re very excited to form this unique partnership with Conservation International, one of the world’s leading conservation organizations with a strong scientific focus and operating expertise,” said Bruce Hogg, Managing Director and Head of the Sustainable Energies Group at CCP.

“This new partnership adds to our investments in important and growing industries that help enable the energy evolution through our Innovation, Technologies and Services strategy, in support of our Sustainable Energies program and overall investment mandate.”

All projects will be verified under a United Nations-backed framework called the Reduced Emission from Deforestation and Forest Degradation (REDD+) program.

Agustin Silvani, Senior Vice President of Conservation Finance at Conservation International, said, “Together with CPP Investments, we’re setting our sights on projects that protect nature, reduce emissions, provide sustainable sources of income for local communities, and at the same time are economically attractive. That’s a win-win-win for companies committed to decarbonization, people, and the planet. Our aim with this partnership is to make carbon markets work for the communities that are helping to protect nature and fight climate change.”

CPP will initially contribute $20 million, and Conservation International, $500,000. They expect to expand the partnership to additional investors over time.

This announcement is significant to the carbon credit industry, which has expanded over the past year alone. Designed to offset carbon emissions, improve the environment, and drive economic development, many see carbon credits as part of the answer to combat climate change.

The global carbon market is expected to reach $22 trillion by 2050.

Most Popular
LATEST CARBON NEWS

Twelve Transforms Carbon into Sunglasses, Car Parts, and Fuel

As firms around the world are tackling climate change, Twelve is offering a solution through its carbon transformation tech which turns CO2 into products...

Crypto Carbon Credits Exchange 1GCX Closes $2B Record Deal

Crypto carbon credits exchange 1GCX partnered with T3 Trading, raising $2 billion in assets under management (AUM) and setting up a $100 million liquidity...

Ethereum’s Stealth Move to Wipe Out Its Carbon Footprint

Ethereum won the spotlight with the Merge, which cut the crypto’s energy use and carbon footprint more than expected by 99.99%. The second-largest cryptocurrency -...

Iron and Steel Industry Will Buy $250B Carbon Credits for Net Zero

Bringing the iron and steel industry to net zero by 2050 requires $1.4 trillion of investment, $250 billion of which is for carbon credits,...
CARBON INVESTOR EDUCATION

ESG Investing with Carbon Credits – What Investors Need To Know

Reducing carbon emissions is evident as firms focus on ESG investing and governments account for climate impact through carbon credits.

The 5 Top Carbon Offset Project Developers

Are you looking to directly reduce your carbon footprint or support projects that cut emissions elsewhere? Then carbon credits allow you to do either...

The Top 3 Private Carbon Companies to Watch Right Now

Right now, the carbon space is heating up. Dozens of companies are jumping into what’s fast becoming one of the hottest spaces to invest...

Carbon Insetting: The Target of Scope 3 Carbon Offset Accounting

Carbon offsets are a well-known sustainability concept so you most likely have heard of them. But there’s a relatively new sustainable supply chain term...