Nature-based solutions can involve programs to restore and protect forests and wetlands, coastal rehabilitation as well as protecting communities and infrastructure from floods, soil erosion and landslides.
Nature-based solutions are a focus of many large, voluntary carbon market initiatives and are also at the heart of mechanisms under the Paris Agreement. For example, reducing emissions from deforestation and forest degradation (REDD+), intends to create a financial value for the carbon stored in forests by offering incentives for developing countries to reduce emissions from deforestation and forest degradation and invest in low-carbon paths to sustainable development.
We have been at the forefront of the development and implementation of carbon markets for almost 20 years. Over the last 10 years, our work on voluntary carbon projects has consistently involved nature-based solutions. We have extensive experience in considering issues such as local law due diligence on project seller’s rights to GHG reductions and the interface with government representatives (such as those responsible for protected areas).
We are active in a range of industry groups such as the International Emissions Trading Association. Members of the team have previously sat as private sector observer to key institutions in the REDD+ sector such as the Forest Carbon Partnership Facility.
“The firm works across a range of clients with carbon projects. They have a range of experience to draw on when providing advice.” Chambers Global 2021: Global-Wide Climate change
“The team is "very involved in the carbon market and is very supportive in this space, providing a lot of experience and contribution.” The source adds: "They are very good on market trends and issues." Chambers Global 2021: Global-Wide Climate change
Forest carbon loans
Energy transition newsletter: Issue 4
Insights from our global team on the frontline of legal innovation and solutions for the energy transition Stay in touch with the latest in the transition by subscribing to our newsletter. Register
EU scales up green subsidies: How to benefit from support for clean investments
On February 6, 2024 the Council of the EU and the European Parliament agreed a provisional version of the Net-Zero Industry Act (NZIA), which is now expected to be formally adopted by the end of April 2024.
Projects team represents debt providers for NextDecade LNG’s Rio Grande LNG Project
A cross-border team represented the debt providers in the US$12.3bn financing for NextDecade’s Rio Grande LNG export terminal.
Cross-border team advises on first-of-its-kind parallel restructuring
A cross-border team advised a committee of secured creditors on the first-of-its-kind restructuring of international shipping company Vroon, which completed on June 12, 2023.
IJGlobal Awards 2022 recognizes outstanding year for firm’s energy, infrastructure and resources practice
Norton Rose Fulbright has been named ‘Global Legal Adviser of the Year’ at the IJGlobal Awards 2022.
Cross-border team advises on financing of Codelco water supply project
Global law firm Norton Rose Fulbright has advised a consortium, consisting of Marubeni Corporation and Transelec, on the development and financing of an independent water plant (IWP) in Chile.
Cross-border team advises APICORP on MENA’s first Islamic facility for voluntary carbon offsets
Global law firm Norton Rose Fulbright has advised The Arab Petroleum Investments Corporation (APICORP) on the MENA region’s first Islamic facility for voluntary carbon offsets.
Energy Transition Services
We are committed to helping our clients evolve and thrive as the world changes and would be delighted to discuss how we can help you.