DePoly has raised CHF12.3m in a seed funding round to scale its chemical recycling process. Investors backing the company include Dutch impact investor Infinity Recycling.
There is scope to replicate the concept of the Ecuador debt-for-nature swap, according to Stefan Wandrag, who was the deal-lead for Climate Fund Managers.
Focus on enabling the market for biodiversity credits welcomed but credits should be a “last resort” in closing the global financing gap in the protection and restoration of nature.
The standards are intended to provide a baseline for sustainability disclosures that can be widely adopted globally, giving investors insight into how companies are tackling climate change-related impacts.
The hosts say the summit marked a step up in ambitions to reform multilateral institutions and mobilise public and private investment in low-income countries. But its success will be judged in terms of what happens next.
Over the past decade, the EU-backed EIT Climate-KIC accelerator programme has supported 2,100 solutions and secured nearly €2bn in capital to address different aspects to the climate challenge.
Agreement seen as key to achieving the ocean-related goals of the 2030 Agenda for Sustainable Development and Montreal UN Biodiversity Conference (COP15).
APG Asset Management, on behalf of Dutch pension giant ABP, has led the investment in the bond which will focus on offshore biodiversity and sustainable shipping.
The climate fund, which exceeded its original funding goal, aims to support emissions reduction solutions in industries where they are hard to achieve.
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