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Terra Global Capital Partners with COMESA

2008-07-17 12:02:00

Terra Global Capital Announces a Partnership with COMESA to

Establish an African Land and Livelihoods Carbon Fund

SAN FRANCISCO–(EMWNews)–Terra Global Capital, LLC,

a technical and finance company specializing in originating carbon

offsets from land use projects, announces its partnership with COMESA

(Common Market for Eastern and Southern Africa). As part of its Climate

Change Initiative, COMESA will

establish the African Land and Livelihoods Carbon Fund which will

provide a sustainable carbon financing mechanism for investments in

agricultural, forestry and other land-use projects in East and Southern

Africa. Terra Global Capitals expertise in

fund management will be put to use in the design and structure of the

carbon fund and in programs to enhance national capabilities for carbon


The African Lands and Livelihoods Carbon Fund is critical for Africa and

will be the first commercial carbon investment vehicle dedicated to

promoting Africas participation in the carbon

market. The goal of the fund is to provide development support and

acquire offsets from African land-use projects on a large enough scale

to channel meaningful streams of revenues to communities to assure the

successful implementation and on-going stewardship of these projects.

The partnership with COMESA characterizes our

global commitment to the land use carbon market and our support of the

mechanisms structured to conserve the environment and provide valuable

income streams to rural communities, said

Leslie L. Durschinger, founder of Terra Global Capital.

To ensure the funds success, Terra Global

Capital will provide COMESA with strategic advice on fund design and on

activities and programs that will improve national capabilities to meet

the funds environmental and poverty reduction


About Terra Global Capital

Terra Global Capital, LLC was formed in June 2006 to provide

organizations with strategic advice in environmental markets for land

use-based carbon credits. Terra Global Capitals

integrated business model facilitates the market for land-use carbon

credits by providing technical expertise and carbon finance to project

developers and communities to help measure, monetize and market carbon

credits. Terra Global Capital is developing proprietary remote sensing

based carbon measurement systems for reforestation, aforestation,

agro-forestry, changes in agricultural practices, and avoided

deforestation projects. This technology will bring feasibility to many

valuable projects, particularly those in areas of rural poverty. Terra

Global Capitals Senior Management team has

capital markets experience and will be launching a Carbon Fund that will

raise between $150-$250M and will have the ability to invest in credits

and structure carbon finance for project developers.

Terra Global Capital, LLC
Leslie Durschinger, founder, 415-215-5941
[email protected]

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