Ardian and aDryada, a French operator for forest restoration and biodiversity, have launched a strategy dedicated to large-scale nature-based projects.
The strategy, known as Averrhoa Nature-Based Solutions, will deploy €1.5 billion ($1.6 billion) worth of projects and capital worldwide, mainly in emerging markets and developing economies, as well as local populations. In particular, the strategy plans to finance projects to restore forests, wetlands and mangroves to sequester about 150 million tonnes of carbon from the atmosphere through natural carbon sinks. In turn, the sequestered carbon will be used to generate high-quality carbon credits verified by third-party experts.
The voluntary carbon credit market is set to grow strongly throughout the next few decades due to the global consensus on the need to rapidly increase the planet’s sequestration capacity and the growing ambitions of economic players in this area, according to Ardian. Global demand for voluntar