BOYERTOWN, Pa., April 4, 2022 /PRNewswire/ -- ClimeCo, a leader in developing and managing environmental commodities, announces a partnership with YAKOPI (Yayasan Konservasi Persisir Indonesia) and PUR Projet for the reforestation of 6,000 acres of vital mangroves in the Aceh and North Sumatra Regions of Indonesia.
Mangroves sequester three to five times the amount of carbon as regular forests. Indonesia is home to over 20% of the world's mangroves. Over the past three decades, 40% of Indonesia's mangroves have been lost due to shrimp and fish aquaculture, leaving many former shrimp ponds abandoned and local communities with little access to economic opportunities. The North Sumatra region has lost 60% of its pristine mangroves due to aquaculture, putting coastal resilience, biodiversity, and wildlife habitats at enormous risk. In the Aceh region, a substantial amount of its mangroves were lost due to a tsunami in 2004.
ClimeCo will fund the reforestation of these mangroves by selling the resulting third-party verified carbon credits and implementing the project through their local partnerships with YAKOPI and PUR Projet. This investment supports gender-equitable employment, ecosystem services payment to local communities, ecotourism business development, and a pilot program for locals to implement silvofisheries - a form of sustainable aquaculture.
"The improved livelihoods of the local communities and the long-term success of this mangrove reforestation project are interdependent, and this project achieves both," says ClimeCo Program Development Manager David Chen.
About our Partners:
* YAKOPI is a local Indonesia group dedicated to restoring mangroves and providing employment opportunities for local women and youth. Directed by Eling Tuhono, YAKOPI are experts and local leaders in mangrove restoration and will be responsible for managing many logistical aspects of the program on the ground.
* PUR Projet is a certified B Corporation that specializes in designing and implementing agroforestry projects, nature-based solutions, and sustainable supply chain interventions. As an on-the-ground project developer, PUR Projet will manage components of the carbon offset certification, help navigate local culture/politics and advise on reforestation efforts.
About ClimeCo
ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.
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