Today, Bloomberg media published a portrait of our company South Pole. After 17 years of innovating for the climate, we are proud to be recognised for our continuous leadership, risk-taking and impact creation.
The article also rightfully points at issues around today’s largest climate finance instrument, namely the voluntary carbon markets. Indeed, these markets need to continuously improve, become more robust and - most importantly - to scale rapidly, to allow us to bend the curve of global emissions.
At South Pole, we are committed to cooperating with all actors, governments, NGOs, academia, and the private sector, to scale up climate finance in a transparent, impactful and equitable way. Let’s learn from the lessons of the past decades and create a global finance mechanism, aligned with the Paris Agreement.
The past 17 years of South Pole’s work have been incredibly complicated and challenging, but we have never lost sight of why our work is important. We never did this for recognition, we did this for climate impact.
The challenges with ambitious forest carbon projects are well understood, which is why South Pole is constantly improving its approach to ensure this critical work continues to deliver real climate benefits and protect biodiversity. While the mechanism is not perfect, it is what we have to work with right now, and the real fight here is making sure we get financing to protect forests as quickly as possible. Mobilising the private sector and the power of the market is the best way to do this.
To understand how our Kariba REDD+ project works, click here: https://lnkd.in/ethfRpgy
Founder of Climate Social, LLC
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Way to go, Adama Muench! Beautiful video!