Celebrating 25 Years of Scoop
Special: Up To 25% Off Scoop Pro Learn More

World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Investment in carbon capture— lifeline to poor

Investment in carbon capture— lifeline to poor

Jeju Island, Republic of Korea, 9 September 2012 (IUCN) – Tens of thousands of people around the world are getting greater access to food because of a new investment fund. IUCN (International Union for Conservation of Nature) supports the Livelihoods Fund, which allows companies to offset their carbon footprint by investing in ecosystem restoration programmes that deliver lasting community benefits, including increased food security.

The Livelihoods Fund provides its investors with a return in the form of high quality carbon offsets. The Fund will store of 6.1 million Teq CO2 over the next two decades, primarily through three types of projects: the restoration and preservation of natural ecosystems, agro-forestry, and the boosting of rural energy supplies.

“This is a collaboration that will have an impact beyond the specific projects,” says Carl Gustaf Lundin, Director of IUCN’s Global Marine and Polar Programme. “These on-the-ground conservation and restoration projects generate positive local outcomes both for our carbon balance and for people’s food security so we are pleased to support its implementation.”

Over the past four years, the Livelihoods Fund, in partnership with IUCN and Ramsar, has implemented innovative carbon projects; and the co-development of a methodology for carbon accounting of large-scale mangrove restoration. This has boosted restoration efforts by making large-scale projects more accessible and easier to implement.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Through support from the Livelihoods Fund, the residents of 450 villages in Senegal have planted more than 100 million mangrove trees in the regions of Casamance and Sine Saloum since 2009. This has improved the quality of agricultural land by reducing the buildup of salt in the soil and recreating a habitat thriving in food sources such as fish, oysters and crabs. In India, more than 65,000 people living in the Araku Valley in Andhra Pradesh have boosted food security after planting fruit trees on 6,000 hectares of land.

Through this innovative investment model, carbon finance provides real opportunities rather than being an end in itself,” says Bernard Giraud, President of the Livelihoods Venture. “The Livelihoods Fund helps the private sector meet its carbon emission reduction targets, while securing funding for the restoration of habitats that have an important role to play in reducing poverty and food insecurity for some of the world’s most vulnerable people.”

The experiences garnered from the various pilot projects of the Livelihoods Fund are very valuable in building a strong case for increasing protection and restoration of mangroves, which are still in decline at a global level. When investing in the Fund, participating companies also back the Livelihoods Network, a non-profit association for the benefit of poor rural communities that encourages the sharing of knowledge, information and resources between the private sector and non-governmental organizations, international organizations, governments and experts.

The current fund investors are Danone, Credit Agricole, Schneider Electric, CDC Climat, the French Post, Hermès International and Voyageurs du Monde.

# # #

Material for the Media:
Livelihoods Fund website: www.livelihoods.eu
IUCN Marine and Polar Programme: http://www.iucn.org/about/work/programmes/marine/

About IUCN
IUCN, International Union for Conservation of Nature, helps the world find pragmatic solutions to our most pressing environment and development challenges. IUCN is the world’s oldest and largest global environmental organization, with more than 1,200 government and NGO members and almost 11,000 volunteer experts in some 160 countries.
IUCN’s work is supported by over 1,000 staff in 45 offices and hundreds of partners in public, NGO and private sectors around the world. www.iucn.org, www.facebook.com/iucn.org, www.twitter.com/iucn,
Official Congress hashtag: #IUCN2012

About the Livelihoods Fund

The Livelihoods Fund is a new type of « hybrid » vehicle, which leverages carbon finance to implement restoration, agro-forestry and rural energy projects to deliver long-term socioeconomic benefits to local communities.

Since its launch just over a year ago, the Livelihoods Fund, initiated by the French multinational Danone, has grown to incorporate six additional companies in the Livelihoods Fund with a combined endowment of 26.5 million Euros: Schneider Electric, Crédit Agricole, Hermès International, CDC Climat, French Postal Group and Voyageurs du Monde.

A shared governance of the fund and three legal entities with clear roles and responsibilities: 1. The Livelihoods Fund which is the financial investment vehicle where investment decisions are made by the Advisory Board of the Fund. 2.
The Livelihoods Venture which is a services company to identify and monitor the projects. 3. The Livelihoods Network which is a capacity building non-profit association for sharing expertise and innovation between NGOs, companies and International institutions. www.livelihoods.eu

© Scoop Media

Advertisement - scroll to continue reading
World Headlines


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.