(TAN): United Nations World Tourism Organization (UNWTO), in joint collaboration with NOAH Regen, have launched the UN NetZero Facility and Re-PLANET Capital Fund Ecosystem. The launch took place on November 14 at the United Nations Headquarters, Geneva.
The UN NetZero Facility and Re-PLANET Capital Fund Ecosystem aspire to foster a new era of global finance governance. This transformative initiative aims to unlock carbon value, incorporating concepts such as Blue Carbon and circular business models. The ecosystem is dedicated to catalysing positive change in the Blue and Green Economy sectors, transforming regeneration into not just an ecological necessity but also a profitable endeavour.
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Key highlights of the framework include:
- Blended Financial Ecosystem: A collaborative approach that integrates diverse funding sources, providing a solid foundation to address pressing climate challenges.
- Blockchain Technology: Utilizing energy-efficient blockchain technology for transparent fund raising and transfer, ensuring real-time tracking and accountability.
- Transparency and Accountability: Committed to unparalleled transparency, accountability, and auditability, ensuring the traceability of funds from inception to implementation.
UNWTO Secretary-General Zurab Pololikashvili said: “Tourism’s transformation to low-carbon operations is our compass, let’s make Net Zero our destination by 2050 — a journey for prosperity and a healthy Earth.”
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Frederic Degret, CEO of Noah, said: “We stand at a pivotal moment. The Re’planet Capital Fund, in compliance with Article 9 of SFDR, is not just a fund; it’s a catalyst for change, empowering investors to drive sustainable growth.”
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