PERU
CUSCO project
4 Mt of High-quality Removal VcUs over 40 years, starting 2029 VCS - CCB
Pine-based afforestation over 12.000 ha Slowing soil erosion
> 1.400 very poor people directly supported. New income opportunties IFC PS - SFRD art 9
SDGS
SLOWING SOIL EROSION AND RESTORE DEGRADED LANDS IN HIGH ALTITUDE WITH LOCAL COMMUNITIES
CASE FOR ACTION
Severe soil degradation on the slopes and landslides, decline in agricultural productivity on lower slopes, leading to a fall in community income.
NATURE PROGRAM
12,000 ha of Pine radiata to be planted, while restoring the woodland formations bordering watercourses with indigenous species. Afforestation will help to lower soil erosion and improve environmental and agronomic conditions.
SOCIAL PLAN
Community-based deployment financed by a large proportion of initial investments and long-term carbon revenue sharing. Wood harvest as well as mushrooms cultivation and processing as new sources of income for the communities.
LAND AND CONTRACT
The land belongs to the communities involved in the project with a clear legal right to transfer the ownership of carbon credits to an external company.
ALIGNMENT WITH NATIONAL POLICY
Afforestation is a key NDC commitment. Carbon regulation is in progress, It is favorable to foreign investments and the development of the voluntary market.
Foreign investment, additional budget revenue, lever for local economic development
New income, revenue sharing
Infrastructure-like cash flows
LOCATION
Cusco Région, Andean mountains, Peru
TIMELINE
01
02
03
04
SEPT 2024 Agreement with a first community
Q4 2024 Feasibility + PDD under development
Q2/Q3 2025 Final agreement and financial close
2029/2030 First Emission of Carbon Credits