The Environmental Finance Award of the Year 2015 in the Sustainable Forestry category has been awarded to climate fund Athelia for the projects developed in the natural protected areas in Peru.
Together with Peru’s National Service for Protected Areas (Sernanp) and the Peruvian Association for the Research and Comprehensive Development (AIDER), Althelia has completed projects aimed at preserving landscapes in the areas characterised by high biodiversity.
The first project was conducted between Althelia Ecosphere and Credit Suisse to issue “Nature Conservation Notes”, which are financial products for the conservation of nature. The notes allow investing in the market by subscribing “tickets”, after which the money is invested in REDD+ projects conducted in a number of national parks.
Such projects include forest conservation and the recovery of degraded soils and the development of sustainable organic agriculture, which can benefit local farmers and allow for the production of around 3,200 tons of cocoa.
According to Andina, the natural protected areas that currently exist around the world demonstrate the opportunities available to invest in conservation. These investment projects promote the sustainable use of these areas and mitigate any threats that could boost deforestation and harm the environment.
A number of companies including Greenwood Management have already pledged their support for such projects, helping to reduce deforestation and protect the environment.