We’re delighted to be working with our partners at Ecologi to fund innovative carbon offsetting projects around the world. Learn more about one such project that’s working to protect the rainforest in Peru.
The Brazil nut concessions project supports the local community to produce reliable income through the passive harvesting of Brazil nuts in Madre de Dios, a region home to much of the Peruvian Amazon.
The local area is hugely reliant on the old-growth rainforest. Therefore, supporting the community to both safeguard the rainforest and to establish sustainable sources of income are top priorities in the region.
The project incentivises the protection of the forest and its carbon sinking capabilities, since Brazil nut trees can only be found in old-growth forests.
Incorporated within the project activity is an outreach programme to help local communities understand the benefits of keeping the rainforest intact, including benefits to the climate as well as threatened and endangered species.
Having built a new processing facility, the project has expanded a formerly subsistence activity into a viable income source. Additionally, the community receive carbon finance income generated by the protection of the rainforest.
Since the project began in 2010, carbon storage per hectare has increased and, in general, there are good indicators that so far the project has been a success in its goal of protecting the rainforest from degradation and deforestation.
The above is taken from the original article on the Ecologi website which you can read here.
Project support ran between 1st September 2021 and 31st August 2022.