THE LOCATION
The Story
The Eco2 Rubber forest project is located in Guatemala, it is one of a kind, in fact, it is the first program of activities for reforestation of natural rubber.
The grouped project purpose is to develop a platform for the carbon market access, with a facilitated access to carbon finance that can become a new sustainable income source, creating positive incentives for reforestation.
The goal is to establish 10,000 hectares of new rubber forests through a model of reforestation that implements sustainable and responsible forest management in all plantation, that are certified under standards of responsible sustainability.
Additionally, the projects fosters long-term social and economic development, generating jobs in the forest sector, preserving biodiversity, managing water quality, restoring degraded areas and conserving natural resources.
THE ANALYSIS
PDD: 19.022,53 tCO²e/year ?
MR2020: 68.073,47 tCO²e/year ?
34% total tree cover loss between 2001 and 2021
Ecosystem tropical/ subtropical
E
Greater land tenure security ,
New employment opportunities for communities with limited sources of income
Improved labor conditions
S
Transparent information
VCS Registry
Monitoring of legal reserves conducted by the proponent PICA’S in cooperation with farm managers and personnel
G
ESG SNAPSHOT
Environmental
outlook
Summary
During 19 years, from 2002 to 2021, Guatemala lost around 534ha (21%) of humid primary forest, which is 34% of its total tree cover loss.
In the long term the project aims to reforest 10,000 hectares of degraded land through the reforestation of natural rubber.
The reforestation will help restore the ecosystem, improve water and creates a space for wild life and native species to flourish and thrive.
Rubber Trees
A rubber tree (Hevea Brasiliensis) is capable of reducing around 40tCO2 emissions per hectare during their life span.
It is a tree native to the Amazon. and it is economically very important because the latex collected from the tree is the primary source of natural rubber in fact the milky liquid (latex) that comes out from any wound to the tree bark holds around 30 % rubber, which can be processed into solid products.
Biodiversity
The biodiversity within the area is low this is because the land was mostly used for cattle, despite this, workers of the project have already noticed an increase in biodiversity thanks to the rubber plantations.
The region of Guatemala has a great ecological diversity, mainly determined by the variations of the levels of the sea, the pluvial rainfall in a relatively small area. The forest is classified as tropical/subtropical moist forest with 10 physiographic regions, 7 biomes, 14 ecoregions and 66 ecosystems.
Summary
The project provides social benefits beyond GHG removals, by creating employment opportunities for both for stakeholders and also to the communities with limited sources of income in fact the production of plants creates jobs and training since seeds need care throughout their whole process until they are established in the field. If the plants are are developed in the nursery owned by the project, jobs are created for the neighboring communities. This also leads to the creation of permanent jobs since the trees will need continuous harvesting for 30 years. Additionally the project protects work rights and safety meanwhile keeping good relationships with communities nearby.
Social
Outlook
Summary
The project will take place during a span of 56 years, this long duration will allow the creation of incredible positive change within the area.
To give stability to the project other factors are considered such as the political risk which is very low. Regarding the weather conditions in the area 5 hurricane events in the past 100years and 6 storms occurred which didn't affect the area so the risk of damage from them is irrelevant making the area safe for the project to develop.
Governmental
Outlook
HIGHLIGHTS
Carbon Capture
19,022.53
CO2e/yearly
Project Area
1789
Hectares
Maximum Absorption
1,065,261.82
Tonnes CO2e
Duration
56
Years
Project
ARR?
Certified by
VCS
