TERYA update 004
The Climate Finance Gap
Hi Subscriber First Name 👋, here’s our monthly update on TERYA for you.
But first, my best wishes for the new year 🎉2️⃣0️⃣2️⃣4️⃣ 🎉! No doubt it will be another stress-test (just like 2023), but hopefully with some climate related breakthroughs as well.
Here’s what’s on my mind for the start of the year:
How will we ever close the climate finance gap?
The global climate finance need in 2030 is estimated at $2,4 trillion per year. We are currently at $100 billion. “The climate transition won’t happen without a concerted effort from governments, international financial institutions, and the private sector to reform the current financial architecture and better align global and domestic financial flows with the world’s climate goals” according to COP28 President Dr. Sultan Al Jaber.
Governments account for roughly 80% of today’s climate finance, and I notice they probably won’t stretch that, especially with populist parties gaining power nowadays.
Conclusion; the private sector will need to provide the climate financing with new innovative and transparent methods. This is what TERYA is all about. The question is how can we scale this to a size significant to help close the gap?
I don’t have all answers yet, but we are investigating some interesting tracks…
Thank you again for the support and your trust in TERYA!
More insights & updates on my Linkedin (click 🔔 for updates)
Sincerely,
Vincent 👋
Updates 👍
Nature pre-assessment 🕵️
Over the coming two months, Replanet will conduct a literature study (called an investor pack) to retrieve the potential natural and biodiversity value of the land we have acquired in Nerpio, Spain. Based on this study, we can start discussing with potential clients to invest in our project.
More news on this is expected by the beginning of March ‘24
Compensating emissions? 🗣️
In the coming months we plan conversations with potential customers to better understand their needs and desires. As we further develop our product, it is key to understand and be able to think like the customer.
At this point we are not laser focussed on specific industries. We would like to understand how companies think and act on the compensation of emissions.
Carbon 👈 vs. 👉 Biodiversity
We have been focussed on biodiversity and natural ecosystem regeneration since the beginning of this project. And that focus has not changed a bit. Although, from a commercial point of view, we understand that biodiversity is a new and maybe more abstract concept than carbon emissions. The industrial world has been strategising and calculating on carbon emissions for years, so why wouldn’t we keep it simple and follow the market?
In climate finance they do speak about co-benefits if your carbon credit does more than only capture carbon. In our case we would talk about a co-benefit in biodiversity which gives the carbon credit a higher quality or rating.
Reach out if you want to know more about our product.
Must reads 📰
Here’s a short list of climate related articles that are worth reading:
