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
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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.
Banco Santander, S.A. advised on US$22.3m ECA-backed financing
Norton Rose Fulbright represented Banco Santander, S.A. in the closing of a US$22.3 million ECA-backed loan to Brazilian utility company Eletronuclear.
Norton Rose Fulbright conseille Djermaya Solar sur le premier projet développé par un producteur indépendant d’électricité au Tchad
Norton Rose Fulbright, cabinet d’avocats international, a conseillé la société de projet, Djermaya CDEN Energy S.A.S., détenue par DIPF Africa Limited et la société InfraCo Africa Limited du Private Infrastructure Development Group (PIDG), sur le développement et le financement de la première phase d’un projet solaire d’une capacité totale approximative de 34 MWc à 30 kilomètres au nord de N’Djamena, au Tchad. Ce projet comprend le développement, le financement, la construction, l’exploitation et la maintenance d’une centrale solaire photovoltaïque de 60 MW développée en deux phases, une ligne de transmission et les installations d’interconnexion associées. Il s’agit du premier projet solaire à être conçu, financé, construit et exploité par un producteur d’électricité indépendant au Tchad.
TotalEnergies SE advised on US$750m synthetic LNG infrastructure agreement
Global law firm Norton Rose Fulbright has advised French energy company TotalEnergies SE on a synthetic infrastructure agreement with Global Infrastructure Partners in connection with its 27.5 per cent interest in the Gladstone LNG Project in Queensland for consideration of US$750 million.
Firm named MENA Legal Adviser of the Year at IJGlobal Awards 2020
Global law firm Norton Rose Fulbright has advised on 19 “Deals of the Year” across multiple regions, and has been awarded MENA legal adviser of the year at this year’s IJ Global Awards.
Total advised on acquisition of interest in 640MW offshore wind farm in Taiwan
Global law firm Norton Rose Fulbright has advised Total on its agreement with wpd to acquire 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan...
Lenders advised on financing of France's largest onshore wind project
Global law firm Norton Rose Fulbright has advised the lenders and hedge banks on the financing of the 122MW Sud Marne wind project on behalf of Hexagon Renewable Energy SA. Hexagon Renewable Energy SA is an independent power producer managed by TTR Energy, a developer, operator and investor in renewable energy for the past 13 years. The Sud Marne project, consisting of 30 4MW and 4.2MW turbines supplied by Vestas, will be the largest onshore wind project in France (122MW).
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