EIB Global pledges €50 million to reforestation fund run by private investment firm Ardian
Luxembourg, Nov. 11 -- The European Investment Bank Group's development arm, EIB Global, is committing €50 million to a reforestation fund run by Ardian, a world-leading private investment firm. The EIB Global pledge takes the form of an equity investment in Ardian's Nature-Based Solutions fund, which supports reforestation, afforestation and the restoration of wetlands and mangroves worldwide.EIB Global is a cornerstone investor in the fund, which aims to restore extensive areas of degraded forests and natural ecosystems around the globe. Most of the fund's capital will be directed towards projects in Africa, Asia and Latin America, generating carbon credits that advance global climate goals and sustainable development in emerging ma...
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