The round overtakes Future Meat’s $347m 2021 Series B as the biggest yet from the cultured meat industry and comes at a time of increasing momentum and interest.
A product of the Environment Act 2021, biodiversity net gain credits are the latest in a line of natural capital benefits to which governments have attached a monetary value.
The firm is working on two strategies – one for institutional investors that will target farmland and timberland assets, and one that will focus on corporates and their carbon offset needs.
Dr Elaine Mitchell’s work at the Queensland University of Technology focuses on soil carbon and she will play a leading role in the firm’s regenerative farming practices.
The global deforestation pledge should encourage more managers to pursue greenfield forestry, but the as-yet-unresolved global carbon market rules could hold the key.
The Canadian Pension has entered the voluntary market at an important stage in its development and wants to invest in decades long carbon-capture projects.