Small forests add up to potentially significant pools of carbon storage. Carbon credits as structured don't make that an economic business for small owners- yet.
The investment will focus on driving innovation, advancing clean air travel technologies, accelerating reductions in waste and emissions, and establishing new offsetting and natural carbon sequestration projects, the company said.
A new pilot project aims to reward Canadian producers for sequestering carbon in grasslands, highlighting the value of agriculture on these landscapes to the public.
This grant funding program focuses on helping kick-start innovative and scalable approaches for reducing emissions and storing more carbon on natural and working lands in the United States.
Economists and scientists agree that carbon taxes help to reduce greenhouse gas emissions by creating an incentive for people to use less fossil fuels. But that’s not all they can do.
"In the second half of 2019 Nori launched its marketplace and completed the Techstars Sustainability program. As well as delivering on their milestones, the company closed (and oversubscribed) their $1.3M pre-seed round in December."
As part of California’s cap-and-trade program, major polluters in the state are charged for the carbon emissions they generate. Some of that money is set aside for programs that both promote economic development and cut carbon pollution in disadvantaged communities.
The $200 million round included new investor FedEx, and new lender Pacific Western Bank as well as existing investors, bringing Indigo’s total capital raised to approximately $850 million.
