Current carbon reduction and compensation projects are very important in the global struggle to decrease and capture greenhouse gas emissions, however, we understand that they are not sufficient to reach our climate commitments and goals.
Aware that we need to develop increasingly more alternatives, we have created the Regenerate America Program, which will help protect and restore key biomes in Latin America, a region that shelters one-fourth of the planet's biodiversity.
Our commitment is to help protect Latin America's biodiversity, by contributing towards the maintenance of important ecosystem services which are crucial to to mitigate the impacts of climate change. For this, we will invest in the restoration and conservation of the region's iconic biomes, starting with the contribution to the development and execution of two projects that cover an area of over 3,000 hectares.
Basic Principles of Operation
We will finance projects that have a combined impact of protecting biodiversity and ecosystem services as well as capturing carbon from the atmosphere. During this first year, we will invest USD 8 million towards the development and execution of two projects focused on the restoration of the brazilian Atlantic Forest one of the most threatened biomes of Brazil known for its important watersheds and immense biodiversity.
The two initiatives will be: the Mantiqueira Conservation Project, in partnership with the global environmental organization The Nature Conservancy (TNC), which uses science to work on land restoration and conservation all over the world and will articulate with local farmers in order to part of their land through natural regeneration, and the Corridors For Life project in partnership with the Ecological Research Institute, which aims to create biological corridors among the remaining native forest by planting native trees in degraded areas.
Project Monitoring and Transparency
A crucial part of this program will be the fact that both projects will be monitored by Pachama, a technology company on a mission to restore nature to solve climate change. Pachama brings the latest technology in satellite data and AI to the world of forest carbon in order to validate and monitor carbon sequestration from forest conservation and restoration projects.
Pachama uses this data to help companies fund high-impact forest conservation and restoration projects worldwide, accelerating the development of a regenerative economy based on the restoration and conservation of ecosystems. Founded by two Argentine tech entrepreneurs, the company today is based in Silicon Valley (CA) and is backed by some of the top venture capitalists including Breakthrough Energy Ventures, Lowercarbon Capital, Saltwater, and Y Combinator.