Mercuria to invest $500mn in nature-based projects
Commodities trader aims to generate carbon credits for use in voluntary and compliance markets via new investment vehicle
Commodities trading company Mercuria has set out plans to invest $500mn in multiple nature-based climate projects to tap growing global demand for carbon credits. The investments, which will be made via a newly created vehicle called Silvania, will aim to generate high-quality carbon credits for use in both voluntary and compliance carbon markets, as well as in Mercuria’s efforts to offset its own emissions. "This initiative will act as a catalyst to drive large-scale investment in nature by funding a variety of project types,” says Marco Dunand, CEO of Mercuria. “Achieving the large-scale restoration and conservation outcomes we aim to target requires capital and expertise, which we are pe
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology