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New Forests has appointed Michelle Elliot to the newly-created role, alongside Sanjiv Louis who as joined as director, investments Asia.
Australia’s Nature Repair Act came into effect in December and is expected to create a ‘world-first legislated, national, voluntary biodiversity market.’
Munich Re Group's asset manager also closed a forestry deal in the US south for a ‘low triple-digit’ sum in February.
The $873m ANZFF3 has acquired part of Otiwhiti Station in New Zealand with a view to establishing and managing new production forests on the land.
Domain Timber Advisors chief executive Joe Sanderson says a ‘quiet period’ has provided an opportunity for managers to strategize how they will meet LPs’ evolving forestry demands.
The firm has invested more than €2bn in timberland for Munich Re Group since 2009 and has built up a 400,000ha portfolio.
The funds will be used on a project to build semi-permanent canal blocks through the peat swamp forest that will raise the water table and restore degraded land, New Forests said.
Tasmania is surrounded by sea and so has no land-based neighbors but an abundance of trees and renewable energy make the Australian state an ideal location for an e-fuel facility, Forico says.
An agreement between UK-based Drax and Molpus Woodlands Group shows how plans to build bioenergy with carbon capture (BECCs) projects could create new pulpwood demand in the years ahead.
Chief executive Alex Finkral says the firm’s Sumitomo-backed debut fund takes a broad approach to generating returns but neglecting carbon would mean 'you are probably doing your investors a disservice'.