Rishabh Khanna, Chief Impact Officer at Earthbanc and a steering committee member of the Initiative of Land, Lives and Peace, presented a new initiative launched together with the UN Convention at the summit — digital sustainable land bonds, which allow carbon buyers to purchase at an earlier stage of development. “Finance for land and ecosystem restoration makes up less than 1% of all climate finance due to a lack of universal capital market products for these activities. Part of the reason is that monitoring, reporting and verification of sustainable land management has been labor-intensive, sometimes inaccurate and uses fragmented measurement and accounting methodologies.”

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