CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT
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CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT The Cordillera Azul National Park REDD+ project aims to preserve a vast and unique ecosystem of montane rainforest in the intersection of the stunning Peruvian Andes mountains chain and the Amazon Basin. Supported by: althelia.com
CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT ALTHELIA – WHO WE ARE & WHAT WE DO Althelia Climate Fund is an international generation, and empower communities to impact investment fund that provides provide a better future for themselves and strategic financing to projects that are their children. preventing and reducing worldwide deforestation, conserving biodiversity-rich Althelia is an investment fund rather than primary forest and delivering sustainable and an intermediary or buyer of credits. It works dignified livelihoods to some of the world’s only in close collaboration with local partners poorest communities. on projects it believes will meet its high standards. Althelia’s investments are built Althelia is backed by public institutional with longevity at their core and its approach investors such as FMO, FinnFund and is to forge long-term relationships with European Investment Bank, and private partners that enable the development of investors such as AXA. Its aim – alongside projects and facilitate a path to market for local project partners – is to keep existing sustainable commodities. forests standing whilst giving farmers, communities and stakeholders a way to keep their environment in tact. Althelia’s investments provide assistance in improving crop yields, health, education, and income MEASURING OUR IMPACT As an impact investment fund backed by The projects Althelia invests in - including strong partners, Althelia is committed to Cordillera Azul - achieve permanent emission ensure every dollar it invests has maximum reductions by providing a way to fight impact and output for all stakeholders. deforestation and the immediate threat Projects that pass the rigorous due diligence of climate change. Its strength lies in its process are executed according to its unique determination to not just generate, but to “Environmental, Social and Governance Policy quantify and measure the co-benefits of the and Impact Framework” resulting in multiple projects that are so valuable to Althelia, its environmental, social and economic benefits investors and its partners. that are quantifiable and measurable. 1
CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT IN PRACTICE: Cordillera Azul National Park REDD+ Project, Peruvian Amazon Through an innovative Public-Private This project provides protection of critical Partnership between the Peruvian State, a ecosystem services for local communities respected Peruvian NGO - CIMA, and the who gather resources from over 400 different Althelia Climate Fund, the Cordillera Azul non-animal forest species for every day use, National Park REDD+ Project is preserving and rely on the continuing healthy functioning more than 1.3 million hectares of pristine of soil and water for their survival. The Park montane rainforest within the Cordillera Azul protects cloud forests and provides for National Park. The Park, the third largest in the passage of clean water to surrounding Peru, is bigger than the state of Connecticut agricultural areas; its good management and is wildly rich in biological diversity. The avoids erosion, maintains rivers and provides project will protect its unique biodiversity, an abundance of fertile soil in floodplains; and restore the degraded lands of small farmers its wildlife and its very existence is the cultural and native communities, and avoid more than and spiritual bedrock for many. 15 million tonnes CO2 emissions over the next 6 years, which is sufficient to offset all Althelia is working with CIMA, a leading the flights passing through London Heathrow Peruvian NGO with over 12 years on-the- Airport over the same period. ground experience in managing Natural Protected Areas. In 2008 the Peruvian State The National Park is considered a jewel awarded CIMA the first 20-year full in the Amazon Basin thanks to its unique Administration Contract to manage the Park. location at the intersection of the Andes CIMA is responsible for implementing mountain range and the Amazon Basin. conservation and protection activities such as Cordillera Azul supports a rich ecosystem of control and surveillance, making it a strong, indigenous biodiversity, climate protection respected and effective partner to manage the and a multicultural population living in the project at a local and national level. buffer zone around the Park. It is under immediate threat from illegal logging and the encroachment of subsistence farming by local communities without access to alternative ways of income generation. 2
CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT THE DIFFERENCE WE MAKE CLIMATE Althelia is making a critically important strategic investment in the Cordillera Azul FAIR REDD+ Project, designed to reduce the ECONOMIC SPECIES pressure from deforestation through a RETURNS combination of conservation monitoring and border patrols inside the Park, the continued roll out of community-based planning in its buffer zone, and the development of SUSTAINABLE sustainable agricultural production in the ECOSYSTEMS ENTERPRISE populated areas outside its boundaries. The project is validated and verified to CCBS Gold level and VCS standards and addresses all seven target outcomes under Althelia’s INCLUSIVITY LIVELIHOODS impact framework. ALTHELIA ESG “STAR” CLIMATE INCLUSIVITY Avoidance of over 15 million tonnes of GHG Participative planning has recognised emissions over the next 6 years and ensured the critical involvement of neighbouring communities in all stages of the SPECIES implementation of the Park. Long-term protection of more than 1.3 million SUSTAINABLE ENTERPRISE hectares of pristine forest of incomparable biodiversity value Contribution to the material welfare of more than 1500 local families through establishing ECOSYSTEMS new agroforestry plots on degraded land, improved health awareness, education, more Protection of critical ecosystem services for housing, and a greater diversity of economic local communities, including soil, water and activities to support a socially dynamic zone over 400 different non-animal forest species for every day use FAIR ECONOMIC RETURN LIVELIHOODS Multiple revenue streams from verified carbon units and improved agricultural practices Respect and protection of Indigenous Peoples producing sustainable commodities that will communities that have chosen to remain endure well beyond Althelia’s investment in voluntary isolation within the borders of the Park. 3
CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT BIODIVERSITY The biodiversity of the project area is the Vivians, the spectacular slanted rocky remarkable making Cordillera Azul National formations that mark out the Park’s unique Park on of the world’s most important landscape, of which at least 12 are new conservation areas. The Park protects a to science. pristine 1,353,190 ha area harboring twenty- one types of habitat that include wetlands, Camera traps have recorded healthy palm swamps, cloud forests, lowland forest, populations of tapirs, spectacled bears, and terrace forests. The intact forests range jaguars, and the elusive bush dogs. With over from lowlands at 150 meters above sea level 90 species of large mammal, 600 species of to mountain peaks at 2,400 meters above birds, 70 of amphibians, 41 of reptiles and 175 sea level. Scientists at the Field Museum of of fish, many of which are rare, endemic or Chicago calculate that there could be between both, Cordillera Azul really is a paradise 4000 and 6000 plant species sheltered by on Earth. COMMUNITIES More than 180,000 people in 230 recognises the critical involvement of communities – immigrant and indigenous – neighbouring communities and development live in the extensive buffer zone of Cordillera programs within the Park and its buffer zone Azul National Park, which covers more than in the Huallaga and Ucayali valleys. 2.5 million hectares. Villagers close to park boundaries are highly dependent on the This project will facilitate the recovery of services it provides, especially water which 5000 hectares of degraded land made is vital for their principal economic activity, possible by the community-led Quality of agriculture. Local populations practice slash- Life plans that zone communal land for and-burn subsistence agriculture, which sustainable production, including coffee and causes deforestation and rapidly increases cocoa, as well as reforestation, agroforestry soil degradation, further weakening their and harvesting of non-timber forest products. ability to develop sustainable lifestyles in Cordillera Azul National Park contains the forest. Indigenous Peoples’ communities that have chosen to remain in voluntary isolation Local communities have been engaged and the respect and protection of these at all stages of the participatory planning communities is central to the project. The process of Cordillera Azul National Park’s pressure on Indigenous Peoples territories implementation - from delineating the borders grows by the year and globally they are to constructing and installing park signs among the poorest communities; Cordillera and eventually to patrolling the limits and Azul is their home and recognised as such by conducting an inventory of the wildlife. The the State of Peru. Our investment will ensure Park team have developed a comprehensive that status is maintained and their way of management plan, the Plan Maestro, that life continues. 4
CORDILLERA AZUL NATIONAL PARK REDD+ PROJECT CONTACT Juan Carlos Gonzalez Aybar jcgonzalez.aybar@althelia.com Althelia Climate Fund www.althelia.com Supported by: althelia.com
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