Laconic and the Plurinational State of Bolivia announce landmark 5 Billion USD Sovereign Carbon Transaction [Yahoo! Finance]
B. Riley Financial, Inc. (RILY)
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Source: Yahoo! Finance
by the Plurinational State of Bolivia to utilize its SADAR™ Natural Capital Monetization (NCM) platform to provide technology transfer in support of Bolivia's capacity building initiatives as it seeks to ?nance the enhanced ambition set forth in its Nationally Determined Contribution (NDC). By using Laconic's ?rst-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 ?rst 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 ?rst time, to generate sufficient development ?nancing to enable our country to make this commitment a reality and enhancing our ambition under the Paris Agreement. This
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RILY
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form 13F-HR
- 11/14/24 - Form SCHEDULE
- RILY's page on the SEC website