Milestone Investment allows for scaling of deeply-vetted early-stage Assisted Natural Regeneration project, demonstrates power and potential of Catona's innovative climate finance model LOS ANGELES , Nov. 20, 2024 /PRNewswire/ -- Global climate finance company Catona Climate has made a major milestone investment in an Assisted Natural Regeneration (ANR) project in Antioquia, Colombia . This capital infusion lays the foundation for Catona's project development partner, NatureRe , to significantly expand its activities – making it an important first step towards its goal to restore over 60,000 hectares of land in Colombia and sequestering an estimated 18M tonnes CO2e.
"We're thrilled to partner with NatureRe and accelerate the restoration of large swaths of degraded lands in Colombia , one of the most biodiverse countries in the world," said Catona Climate CEO Tate Mill , "and one that is highly attractive for carbon market investment opportunities." Illustrative of Catona's innovative climate finance model, Catona conducted a rigorous due diligence process and secured demand signals from enterprise buyers, de-risking the opportunity for other capital providers and enabling the project to scale. Multiple enterprises including one of Catona's existing Fortune 50 customers have shown strong signs of interest in NatureRe's ANR project.
"This is the Catona Climate finance model at work," said Mill. "We're allocating capital for a stake in an early-stage project we believe in, bec.
