US-headquartered ClimeCo has announced the launch of NatureLink, a tool aimed at matching organisations with nature-based solution (NBS) projects.
According to the company, the tool includes a questionnaire—covering the use of carbon credits, geographic and project type preferences, financial metrics, etc.,—the answers from which will be used to generate a list of projects and partners from its portfolio of validated global NBS options.
“ClimeCo understands that nature-based solutions are not a one-size-fits-all approach,” said Emma Cox, Executive Vice President, Commercial at ClimeCo.
“By acting as a matchmaker, we are addressing an industry-wide challenge: streamlining the project procurement process and ensuring that each stakeholder’s specific needs are met to drive the most meaningful environmental and financial outcomes,” added Cox.
ClimeCo calls itself a global solutions advisor, transaction facilitator, trader, and developer of “environmental commodities and sustainability solutions.”
Its portfolio spans carbon offsets, plastic credits, Renewable Energy Credits (RECs), Forecasted Mitigation Units (FMUs), criteria air pollutants, and water quality credits.
The carbon markets have been in the international spotlight for some time as the subject of considerable controversy and scrutiny.
Negotiations regarding the carbon markets are ongoing, and COP28, held in Dubai last year, ended without agreement on Article 6. At the more recent climate talks in Bonn, again, little progress was made.
According to the Azerbaijan Presidency, Article 6 will be a focus area at the upcoming climate summit in Baku in November.
Recently, in a joint statement, over 80 civil society organisations outlined their opposition to using carbon credits for offsetting purposes, arguing that it could delay climate action.
The statement came against the backdrop of a recent Science Based Targets Initiative (SBTi) statement on loosening carbon offset guidelines.