The climate finance infrastructure sector sits within the rapidly expanding voluntary carbon market, projected to grow from $479 billion in 2023 to $4.73 trillion by 2030. This growth has, however, exposed a critical gap: Indigenous peoples and local communities manage over 50% of the world's land and hold 24% of tropical forest carbon, yet less than 1% of climate development aid directly reaches them.
Terraspect addresses this challenge by providing transparent payment distribution systems for nature-based carbon projects. The company's platform tackles community compensation, which is not only a social imperative but a business necessity, as community engagement directly impacts carbon projects.
While traditional financial providers serve this space, few focus specifically on remote community-based carbon payments across the Global South. As regulatory bodies introduce stricter community compensation disclosure requirements, Terraspect is poised to become essential infrastructure for scaling high-quality, nature-based carbon projects.
Freddie
Company Specialist at Welcome to the Jungle