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Projects that reduce emissions from deforestation and degradation of native forests (REDD +)

REDD + is a mitigation mechanism developed under the United Nations framework. It provides incentives for developing countries to protect their forest resources, improve their management, and use them in a sustainable way.

La oportunidad:

Los proyectos REDD + tienen un papel protagónico en las Contribuciones Nacionales asumidas en el Acuerdo de París.
Recursos de la Ley de Protección de Bosques Nativos
Financiación con fondos privados para la conservación Mercado de carbono

GMF is seeking to develop its first REDD+ Project in Argentina. In this sense, it has developed this initiative in the Yungas Rainforest region (NW of Argentina), in an area of 62,000 hectares, with a mitigation potential of 1,85M tons of CO2 through a sustainable forest management. Besides CO2 emissions avoidance and capture, the REDD+ Project will restore biodiversity and soil nutrients as well as enrich degraded forestry areas. These actions will positively impact in 200 families of forest-dependent communities.

Global Context: degradation and deforestation of the world’s Native Forests are cumulatively responsible for about 10% of net global carbon emissions. Tackling the destruction of these forests is core to any concerted effort to combat Climate Change.

Local Contexto: Argentina is one of the countries with the highest rates of deforestation in the world. Between 1990 and 2014, 7.3 million hectares of native forest were lost in the country, being the northern region the most affected. This is also the least developed region in the country with high rates of poverty, bad nutrition and illiteracy especially in rural populations areas.

THE PROJECT

Forestry Area 62.000 hectareas
Location Province of Jujuy and Salta, Yungas Rainforest (NW of Argentina) near the Andes, Purmamarca and Quebrada de Humahuaca.
Habitat Yungas Biosphere Reserve. 30.000 ha within the Reserve (Jujuy Province) & 33.000 ha in the Reserve influence area (Salta Province)
Mitigation potential 1.85M tn CO2 in 10 years (3.3 tn CO2 /ha/year)
Project baseline high deforestation and forest degradation pressure, loss of biodiversity and impoverishment of native communities
Duration 20 years (with an initial investment period of 10 years)
Long term sustainability strategic alliances with local stakeholders and agreements with land owners, public entities and investors
Certifications to be defined (FSC, VCS/CCB, Plan Vivo, Gold Standard, etc)
SDG aimed

Total Investment : USD 8.3 million

Cost of REDD+ Preparation and Execution: USD 1.57 million
Costo de implementación de las actividades de mitigación: USD 6.71 million (illegal logging & forest fire control, forest-livestock management, forest harvest improvements, enrichment and forests restoration, etc.)

Project ́s funds Destination:

− Protection and recovery of Yungas forests,
− Protection of biodiversity and
− Social Actions.