Carbon Neutral Royalty (CNR), a Canadian-based permanent capital vehicle which looks to accelerate climate and biodiversity action by through financing decarbonisation projects, has closed its latest facility worth an aggregate of up to C$25m (£15m) with investment firm Beedie Investments.
The funds from the capital raise are to go towards commitments with existing partners and pipeline projects that are aligned with CNR’s investment purpose of mitigating climate change and supporting local communities. CNR is also active in the voluntary carbon market space.
Luke Leslie, CEO of Carbon Neutral Royalty, said: “By allocating investment based on our own analysis of the VCM and using innovative structures, CNR seeks to encourage the flow of much needed funding to high impact projects.”
Last year, Net Zero Investor looked into the issues and challenges behind the voluntary carbon market.
