Carbon chameleon
The demand for carbon credits is expected to increase in the next 10 years as the number of companies committing to net zero grows.
Naturally, investors have sought to capitalise, including Spain-based PE firm Portobello Capital, which launched its Carbono Verde fund alongside Repsol Foundation and Crédit Agricole in April 2022.
The fund aims to develop large-scale forests that absorb CO2. That absorption is then certified into carbon credits and sold to multinational corporations seeking to offset their carbon emissions.
Much has happened in a year and a half, so Real Deals catches up with the investment team’s Isabel Bordás to get an update on the green carbon fund’s progress.
Read more below.
Xhulio Ismalaj
Reporter
xhulio.ismalaj@realdealsmedia.com