The Restore Fund is a financial mechanism launched by Amazon and Global Optimism with the aim of accelerating climate action and nature conservation. The fund will invest in projects that result in high-quality carbon credits, which can then be sold to help finance the restoration of degraded ecosystems and support local communities.
One of the key standards that the Restore Fund will abide by is the Climate, Community & Biodiversity (CCB) Standard. This internationally recognized standard ensures that projects not only contribute to climate mitigation but also deliver tangible benefits to communities and biodiversity. By adhering to this standard, the fund aims to ensure that the projects it invests in effectively address multiple environmental and social issues.
Additionally, the Restore Fund will align with the Forest Stewardship Council (FSC) certification, which guarantees that forests are managed sustainably and responsibly. This certification is crucial because, alongside carbon sequestration, healthy forests provide habitat for countless species, regulate water cycles, and offer numerous other ecosystem services.
The fund will focus on investing in projects that demonstrate measurable positive impacts on nature, while also delivering financial returns to the investors. By generating revenue through the sale of carbon credits, the fund aims to create a sustainable financial model that encourages further investment in nature restoration and climate solutions.
The Restore Fund will work closely with indigenous communities and local stakeholders to ensure that projects are developed in a way that respects and involves the knowledge and rights of these communities. Recognizing the critical role that local communities play in protecting and managing ecosystems, the fund aims to promote social equity and inclusion throughout its investment activities.
Furthermore, the Restore Fund will actively seek to prioritize projects that are aligned with the rights and aspirations of indigenous peoples and traditional communities. By supporting projects that empower and benefit these communities, the fund aims to foster long-term sustainable solutions that incorporate traditional knowledge and practices.
In summary, the Restore Fund is a financial initiative led by Amazon and Global Optimism that aims to invest in projects that generate high-quality carbon credits while restoring ecosystems and benefiting local communities. By adhering to the Climate, Community & Biodiversity (CCB) Standard and aligning with Forest Stewardship Council certification, the fund aims to ensure that its investments effectively address climate change, support biodiversity, and promote sustainable forest management. The fund’s approach is focused on generating financial returns through the sale of carbon credits and working closely with indigenous peoples and local communities to foster social equity and inclusion.
Source link
