Laconic and Bolivia launch $5 billion carbon transaction to support environmental goals

Laconic Infrastructure Partners has partnered with Bolivia to create a $5 billion carbon transaction using its SADARTM platform. This initiative aims to support Bolivia's environmental goals and enhance its Nationally Determined Contribution under the Paris Agreement. The agreement allows Bolivia to monetize its carbon stocks through a new Sovereign Carbon product, marking a significant development in the global carbon market. This is the first time carbon can be traded as a financial asset on such a scale. Bolivia's government aims to end deforestation by 2030, and this partnership is expected to provide the necessary funding to achieve that goal. The transaction highlights the potential for technology to drive economic growth through environmental preservation.