Conservation of legal reserves and of permanent protection and recomposition of degraded areas will receive resources from Green CPRs bonds
On Monday, May 9, Brasil BioFuels (BBF) and the startup Global Forest Bond (GFB) signed an agreement to structure a pioneering payment for environmental services (PES) project, the aim of which is to remunerate the contributions made by companies to actions such as the maintenance of native forests and the recovery of degraded areas.
The companies intend to make it feasible to issue Green CPRs, regulated titles for the payment for the conservation of legal reserves and Permanent Preservation Areas (APPs) and for the recomposition of degraded areas in the Northern region of the country. There will also be joint analyses for possible emissions of carbon credits linked to this recomposition. This model will allow the financial structuring of agribusiness ventures to have access to means to remunerate environmental services.
"We helped adapt an application that KPMG developed and already used to audit millions of hectares of soybeans throughout Brazil to the forestry area, which we have exclusive use of for environmental asset management. By photographing a tree on the tablet, we can measure diameter, height and carbon stock digitally. But we go further: we record animal sounds, identify species and measure the amount of water in the biome, providing those who purchase the bonds with other possibilities for environmental claims and compensations besides carbon, such as biodiversity and water footprint, for example. Our platform is ready to evolve as science evolves in this field of PES," said GFB's CEO, Eduardo Marson.
For BBF's president, Milton Steagall, the adoption of sustainable instruments is in line with the conservation and reforestation practices that BBF has applied to the origination processes of its products. "Sustainability, in fact, applies to the entire production chain of BBF, from planting to the final product," he said.
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