Environmental services will be paid for under an agreement signed between Brasil BioFuels (BBF) and the startup Global Forest Bond (GFB). The project developed in partnership by the companies aims to pay for the contributions made by organizations involved in actions such as maintaining native forests and recovering degraded areas.
Through the partnership, the services 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. These services are unprecedented and will allow the financial structuring of agribusiness enterprises to have access to means to remunerate environmental services.
"We helped adapt to the forestry area an application that KPMG developed and already used to audit millions of hectares of soybeans throughout Brazil, which we have exclusive use of for environmental asset management," said Eduardo Marson, CEO of GFB.
According to him, by photographing a tree on the tablet, the application allows to measure diameter, height, and carbon stock digitally. Besides recording animal sounds, identifying species, and measuring the amount of water in the biome, providing those who purchase the titles with other possibilities for "claims" and environmental compensation besides carbon, such as biodiversity and water footprint, for example. "Our platform is ready to evolve as the science in this field of PES evolves," he noted.
For Milton Steagall, BBF's president, the adoption of sustainable instruments meets the conservation and reforestation practices that BBF has applied to the origination processes of its products. "Sustainability, in fact, applies to BBF's entire production chain, from planting to the final product."
BBF is a palm oil producer in Latin America, with more than 200,000 tons/year and a cultivated area of more than 68,000 hectares. The company is one of the pioneers in the creation of sustainable solutions for electricity generation in isolated systems: plants powered by biodiesel produced in the region.
While BBF has created an integrated business model in which it operates from the beginning to the end of the value chain, from planting palm, extracting crude oil and producing biofuels, to generating energy. BBF's operations are located in the states of Acre, Amazonas, Rondônia, Roraima and Pará. The company's assets total around R$1.5 billion, generating more than 6,000 jobs in the northern region of Brazil.
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