CHICAGO and LA PAZ, Bolivia , Nov. 13, 2024 /PRNewswire/ -- Laconic Infrastructure Partners Inc. ( Laconic ), announced today that it has been mandated by the Plurinational State of Bolivia to utilize its SADARTM Natural Capital Monetization (NCM) platform to provide technology transfer in support of Bolivia's capacity building initiatives as it seeks to finance the enhanced ambition set forth in its Nationally Determined Contribution (NDC).
By using Laconic's first-of-its-kind carbon securitization platform, multiple large-scale environmental data streams will be aggregated to monetize up to 5BN USD of Bolivia's present & future carbon stocks in the world's first Article 6 compliant benchmark Sovereign Carbon sale. "The Plurinational State of Bolivia is committed to completely ending deforestation within our territorial borders by 2030", said Marcelo Montenegro Gomez Garcia , Minister of Economy & Public Finance. "By working with Laconic, we have been able, for the first time, to generate sufficient development financing to enable our country to make this commitment a reality and enhancing our ambition under the Paris Agreement.
This benefits not only our own citizens, but all of mankind, as we collectively strive to meet NetZero 2050." By creating its unique Sovereign Carbon product, Laconic has revolutionized financial intermediation in the global carbon market by allowing carbon to be traded as a true financial asset for the first time. This capability allows governments .