In October, The Climate Trust, a mission-driven nonprofit based in Portland, Oregon that specializes in conservation finance for climate projects, secured a $5.5M Program-Related Investment (PRI) from the David and Lucile Packard Foundation to seed their first-of-its-kind carbon investment fund.
Impact
The $5.5M Fund is expected to help catalyze the development of four anaerobic digesters, three forestry projects and one grassland conservation program. 978,157 mtCO2e is projected to be reduced in ten years, a big impact win from a conservation perspective as this will help ensure sustainable management and greatly improve water and air quality in US domestic lands.
The non-profit is also an unceasingly active advocate for climate issues, outlining a number of broad trends with the incoming US administration, among them:
- States, cities and regions will lead commitments to continue the debate on climate change
- Forward-thinking enterprises and foundations will lead investment and financing efforts
- Litigation and courts debating climate will be busier
- Private industry and private equity will step in to will fulfill the Paris accord’s climate promise
Sources: TriplePundit, Ecosystem Marketplace
