Historic Sovereign Carbon Transaction for $5 Billion Announced Through U.S. Firm
The U.S.-based firm Laconic Infrastructure Partners announced on Wednesday that it had received a request from the Government of Bolivia to use its SADAR platform. This platform will enable Bolivia to generate economic revenue from the conservation of its forests, rivers, and other ecosystems. These funds will be directed toward achieving the country’s climate goals, known as Nationally Determined Contributions (NDCs). The announcement, published on the specialized platform PR Newswire, explained that by using Laconic’s carbon securitization platform, large-scale environmental data streams will be aggregated to monetize up to $5 billion from Bolivia’s present and future carbon reserves. This marks the first benchmark sovereign carbon sale. According to PR Newswire, SADAR is an innovative tool designed to measure and assess a country’s “natural capital,” encompassing all its natural resources. By assigning economic value to these resources, the platform can attract investments for ...