Carbon Growth Partners Raising $200 Million for Carbon Credit Fund
Australia-based carbon markets investor Carbon Growth Partners (CGP) announced that it is planning to raise US$200 million for its re-opened Carbon Growth Fund to invest in global carbon credits and carbon offset projects.
Founded in 2020 to manage investments focused on the verified/voluntary carbon market, Melbourne-based Carbon Growth Partners says its aim is to deliver three key outcomes through investing: to generate financial returns, protect and restore nature, and accelerate climate action. Demand for carbon offset projects that counteract the release of greenhouse gases, and related credits, is expected to increase significantly over the next several years, as companies and businesses increasingly launch net zero ambitions, and turn to offsets as a bridge to their own absolute emissions reduction efforts, or to balance difficult to avoid emissions.
