Carbon Neutral Royalty Secures C$25M Funding
Carbon Neutral Royalty (CNR) has successfully concluded its most recent facility, valued at up to C$25 million, with the North American investment company Beedie Investments.
The purpose of Carbon Neutral Royalty Ltd. is to speed up the financing and support of high-integrity decarbonisation initiatives that advance climate and biodiversity efforts.
The proceeds obtained from the placement will be used to fund existing partner commitments and prospective projects in line with CNR's investment objective of reducing the impact of climate change while supporting local communities. CNR's ongoing partnerships guarantee secure and continuous access to top-notch carbon credits.
Since its inception, CNR has rapidly expanded its influence in the Voluntary Carbon Market by forming alliances with top-rated developers in its preferred carbon solutions categories.
CNR collaborates closely with its partners to finance and execute robust, high-integrity initiatives that aid global decarbonisation while providing benefits to local communities, economies, and ecosystems.
Additionally, CNR's investments directly promote the UN's Sustainable Development Goals, such as planting 3.75 million mangroves in Asia and funding 926,925 fuel-efficient cookstoves that were distributed across eight African countries.
The company is dedicated to preserving the credibility of its projects and credits and adheres to the guidelines set forth by the Integrity Council for the Voluntary Carbon Market (ICVCM) for top-notch carbon credits. CNR supports the responsible application of voluntary carbon credits by following the mitigation hierarchy and adhering to the claims guidance established by the Voluntary Carbon Markets Integrity Initiative (VCMI).
Luke Leslie, the CEO of Carbon Neutral Royalty, expressed his satisfaction with the successful conclusion of the latest round of financing with Beedie Capital, a partner with a high reputation. CNR aims to increase funding for high-impact projects by allocating investments according to their own analysis of the VCM and employing innovative structures.
The proceeds from this placement will aid current commitments and support future initiatives that benefit biodiversity and communities, particularly in the most climate-vulnerable regions. With 2030 rapidly approaching, the VCM will play a critical and highly impactful role in decarbonising the planet, and we are more convinced of this than ever.
David Bell, Managing Director at Beedie Capital, highlighted CNR's robust pipeline of projects that caught their attention in the VCM. He commended CNR's capable team and strong relationships with proven project developers, which position the company well to execute its growth strategy. Bell is confident that CNR will provide businesses with a compelling proposition to meet their climate goals and is enthusiastic about supporting the company as it expands.