Finance
We have advised buyers and sellers on transactions of more than 3 million tons from projects that will produce more than 15 million tons of emission reductions. Our current and past engagements include:
Middleton Avoided Conversion Project, USA
Client: Green Assets
Services: Marketing and sales
The project involves the protection of more than 3,700 acres of native mixed pine and hardwood forests in South Carolina, USA. Credits produced by the project will be issued under the Climate Action Reserve (CAR) be eligible as early offset credits that can be converted into compliance credits for use in California’s cap-and-trade system that starts in 2013. TerraCarbon is assisting Green Assets with marketing and sale of the credits, including advising on structure and pricing.
Bale Mountain REDD Project, Ethiopia
Client: Bale Mountain Ecosystem Sustainability Management Program
Services: Financial planning and credit marketing
The Bale Mountain REDD project is located in the southern highlands of Ethiopia and involves protection of one of the last Afro-montane forests in the world, also a biodiversity hotspot, from unplanned deforestation caused by small-scale activities. Working with consortium partners, TerraCarbon advised the Oromia Forestry and Wildlife Agency on the technical and financial design of the project, and assisted with the marketing of the project to potential investors. The project has been initiated and options for on-going finance are still being considered.
Reforestation of degraded grasslands in Uchindile & Mapanda, Tanzania
Client: Green Resources
Service: Marketing and sales
TerraCarbon advised Norwegian-based Green Resources AS on the marketing of CDM and VCS credits from its AR projects in Tanzania. Its VCS AR project is the first registered forestry project under the VCS. In total, these projects will involve the afforestation of more than 10,000 hectares of land in Tanzania, providing a critical source of wood in a region that has experienced significant deforestation, and removing more than 5.5 million tons of carbon dioxide from the atmosphere.
“TerraCarbon provided valuable transaction support and analysis that was essential to our sale of CDM and VCS credits. TerraCarbon is uniquely qualified to provide carbon advisory services in the forest and land use sector.”
— Maria Spink, Carbon Markets Manager of Green Resources
