VCS Peru Amazon
The Amazon Rainforests are reaching their tipping point, and as much as 40 percent of the amazon forest could become savannah. It's crucial to protect forests that would otherwise be destroyed and become a source of emissions instead of vital carbon sinks.
Our partnership with BAM, is supporting livelihoods of 300 small concessional landowners through alternative economic models in the Peru Amazon Rainforest. The local communities in Madre De Dios are represented by the Brazil nut producers of Madre De Dios (FEPROCAMD), and they have been highly dependent on local ecosystems for their livelihoods. This carbon project was initiated by a company called Bosque Amazonicos SAC (BAM ) in partnership with FEPROCAMD to conserve local ecosystems and secure economic opportunities for the local communities. This initiative has not only created an additional carbon income for the community, but it has invested in enhancing the processing of the brazil nut which multiplied the value of the harvested nuts. Brazil nuts production supports conservation because Brazil nuts are only produced by trees that grow in native forests (Zuidema, 2003). The Brazil nut forest is also home to several endangered species and provides a vital habitat for them. Over the years this project has spread awareness about the fragility of this ecosystem locally, nationally and globally.
Project Impact & Carbon Monitoring
Your support will prevent deforestation in Peru's most biodiverse rainforests. Covering 290,714 hectares, Biomass of 243.274 t/ha issued 4,936,277 tonne offset. VCS verified carbon credits. Even though this project is verified under the VCS protocol, the last vintage was issued in 2016-2017. Earthbanc enhances this verification through AI remote sensing using high resolution from the European Satellite Agency. Our satellite data can capture deforestation with 99 per cent accuracy, and prevents illegal logging and risks of wildfire. The present rate of deforestation has been reassessed by us. Using images (year 2012-2020) of the Sentinel2 L2A and Landsat constellation – showing an average decrease in tree cover by 0,68% per year. Indicating a much smaller rate of deforestation within the project area than initially estimated. This means that they exceeded their target by 0.55%. Cutting down of forest outside the project area appears to be increasing, however this is also occurring at a slower rate than anticipated, and is not reflected dramatically in the regional biomass level.
The Meghalaya Agroforestry project recovered an extremely degraded landscape that had exposed soil throughout most of the 45 hectares site. The rainfall in Meghalaya can exceed 20 metres of rainfall per year, due to the intense rainfall patterns that result from the foothills adjoining the Himalayas which was resulting in large volumes of soil being eroded. The project evaluated which crops could economically be planted on such a degraded site that had severe soil erosion, and had to select extremely hardy species that could survive the extreme rainfall and soil erosion. The land was degraded from clear-fell logging and the new landowners' Spring Valley Farm regenerated the land with a mix of rubber trees and organic pineapple plants.
Specialist ecologists on the Earthbanc team chose two very hardy species that could be intercropped together as an agroforestry system. They planted 15,000 rubber trees with 100,000 pineapple plants for mitigating climate change and creating sustainable livelihoods for 30 small hold organic farmers in Ri Bhoi District in Meghalaya. The Worldview Impact Foundation that manages the project ensures the maintenance and preservation of these rubber trees with the local village community members working in the project site. Once the trees are ready for latex tapping, revenues are generated that would enhance the livelihoods of the rural communities in the region. This initiative contributes to fighting land degradation and climate change while creating a living bridge between Earthbanc’s clients and the local people living around the project site. Through this project, we are making an impact at the grassroots and creating positive changes in Meghalaya. We want to expand the agroforestry integrated farming system that brings local products to the market and creates market linkages with the merging sectors of regenerative supply chains and agro-ecotourism.
Project Impact & Carbon Monitoring
The project has delivered 15,000 carbon offset units over 27 hectares in 10 years, verified by Earthbanc. Each rubber tree sequesters 1 tonne of CO2 from the atmosphere during its growth period of 10 years.
In Earthbanc we have developed our own reporting method, “Earth Plus Verification'' with the goal to increase transparency and security for an ethically responsible practice of investing in sustainable nature management. “Earth Plus Verification” is specifically designed for forest landscapes, visualizing existing and future impact, and using a rating scale of 0%- 100%. With a broad spectrum of metrics, the rating system is designed to be applicable to a wide range of different forest projects. The rating focuses on the social and environmental impact whilst also considering production risks. The Worldview Impact Foundation is also supporting adventure ecotourism and forest restoration projects in South West Khasi Hills District and has planted 200,000 native tree species with local conservation groups that are being verified by Earthbanc.
Sundarbans Mangrove Restoration
The Sundarbans mangrove restoration project in West Bengal, India provides habitat protection for the endangered Royal Bengal Tiger. Mangroves sequester carbon at 5-fold the rate of terrestrial trees, they provide habitat to support rich biodiversity, including the endangered Royal Bengal Tiger, they pump oxygen into our atmosphere, and they protect coastlines and coastal communities from storm surges and other extreme weather events.
Mangroves are a special type of forests that occur at the conjunction of land, sea and river and are characterised as 'blue carbon' due to the ocean context. Mangroves provide so many ecosystem services to coastal communities and beyond; fisheries, fuel and timber, medicinal products, coastal protection, and numerous cultural and spiritual services. If not saved via our project, those coastal communities whose lives are dependent on these resources would indulge in illegal activities, like lodging wood, illegal poaching of tigers, etc. This could also lead to the extinction of the already endangered Bengal Tiger over the next ten years. Also, 50% of the world's fish spawn in mangrove ecosystems, so we would have a lot fewer fish left on the planet.
Losses of mangroves also release large amounts of carbon dioxide into the atmosphere, arising from the destruction of their biomass and the release of the large carbon stocks held in their soils. This affects all of us on the planet as it contributes to global warming, further accelerating global climatic change.
Almost 1.3 million people are dependent on forests for their livelihoods in the region of Sunderbans (Census, 2001), and according to the same study, there are almost 200,000 woodcutters and firewood collectors in the region. Also currently, there is a huge rate of deforestation in the Sundarbans area, which we are working on reducing. We aim towards planting and conserving 40 million mangrove plants in the next 5 to 7 years. This could create livelihood opportunities for up to 20,000 people in the same time period, especially if vocational training is provided to them. Earthbanc has joined forces with local Microfinance Organizations to restore 10 million mangrove trees in India now. The Sundarbans is the largest store of terrestrial blue carbon on the planet and prevents local flooding by protecting homes and infrastructure from hurricane-driven storm surges.
Project Impact & Carbon Monitoring
So far, 785,000 mangroves and erosion control trees have been planted by 23,000 active daily users on Earthbanc India now sequestering 800,000 tonnes of carbon, with the issuance of 800,000 carbon credits, verified by Earthbanc. This is being done by our Earth Plus Verification that builds upon the metrics and methodologies used in the Gold Standard, VCS and UNFCCC CDM, adding some extra features such as annual auditing. Earthbanc’s Forest Monitoring and Carbon Verification Protocol, data sources include: satellite Sentinel 2, Landsat 5 and Landsat 7 of the Copernicus Program by European Space Agency; data provided by NASA, USGS, and private providers. Results are compared with ground truth data of partnering entities and additional ground truthing Earthbanc has completed.
How we are regenerating the planet
Protecting existing trees
Protecting trees from deforestation is equally as critical to addressing climate change as reducing fossil fuels. Endangered wildlife depend on forests!
Planting new trees
Trees are the lungs of the earth, breathing in Co2 and breathing out oxygen. Planting and managing trees play an important role in climate change solutions.
Legitimate Carbon Verification
Efficient monitoring and verification of forest protection and regeneration through AI provides the data we need to hit the Paris carbon drawdown targets.
Supporting local communities
Forests store vast amounts of carbon but incentives are inefficient. Earthbanc incentivizes protection of ecosystems & wildlife by sharing the yield - up to 3 years salary.