In Latin America, three impact networks representing thousands of investors have announced a new partnership to mobilise financial resources for a vibrant Amazon rainforest bioeconomy.
IMPAQTO, Latimpacto, and the Amazon Investor Coalition have together launched a multi-pronged initiative to unite philanthropy, investment, and corporate procurement to catalyse new economics for ecosystem regeneration, decarbonisation, and conservation. They are hoping to attract more capital to the region by convening key actors in finance and impact, publishing research about mechanisms and opportunities, and supporting environmental entrepreneurship and innovation.
‘The Amazon rainforest is critical to solving global climate change’, said Justin Schwartz, Managing Partner of IMPAQTO Capital.
‘This strategic partnership reflects our ongoing commitment to creating new innovative mechanisms that facilitate the strategic flow of capital for impact’, said Maria Carolina Suárez, CEO of Latimpacto.
The partnership was announced at the 5th Latin American Impact Investing Summit (CLIIQ NEXUS Latam), co-organized by IMPAQTO and NEXUS. The Summit connects key actors in philanthropy, impact investment, business, and civil society to generate action that leads to social and environmental change in the region.
‘The most viable path to outcompete the deforestation economy is to increase the economic competitiveness of forests with community wellbeing at the centre’, said Jonah Wittkamper, CEO and Co-founder of the Amazon Investor Coalition, and Co-Founder of NEXUS. ‘Developing a forest-positive Amazon bioeconomy is the highest-leverage climate stabilization investment opportunity in the world at this time. Together we can ensure that the rainforest is worth more standing and alive, than cut and burned’.