On Tuesday, March 12, the workshop “REDD+ Projects ABC” was held, which brought together private sector actors and representatives of embassies, to deepen the projects for Reducing Emissions from Deforestation and Forest Degradation (REDD+) and explore the opportunities of the Voluntary Carbon Market. During the event, a practical vision of the “Core Carbon Principles” was offered and the Carbon Footprint of the Ministry of the Environment was presented, where experiences on the implementation of corporate sustainability strategies were shared.
“We can work on incentives to keep that forest standing, promote the sustainability of indigenous populations in coordination with different actors, especially with the private sector,” said Milagros Sandoval.
Complementing the above, Carlos Fernández, Representative of the General Directorate of Climate Change of the Ministry of Environment, highlighted the relevance of the National Strategy on Forests and Climate Change, as well as the REDD+ Safeguards and Forest Cover Monitoring as pillars for the successful implementation of REDD+. He also highlighted how REDD+ projects benefit local communities with economic opportunities, food security and climate resilience, using innovation and technology, which effectively combat deforestation, while meeting international commitments.
Stefanie Delgado, Director of Investment Portfolio Management at Profonanpe and Victor Vera, CEO of Pachamama focused their presentation on the characteristics of integrity and quality in the voluntary carbon market, highlighting the importance of guaranteeing the credibility and effectiveness of the carbon credits generated, as well as knowing and understanding the different guidelines designed at the international level. “These new integrity principles, the Core Carbon Principles (CCPs), are being integrated into the main existing international standards. What is expected is that credits issued with this seal in the future will achieve a higher value in the voluntary market,” said Stefanie.
A space for dialogue was also generated where, through an interactive dynamic, participants were able to evaluate the investment in REDD+ projects through a business case.
The event culminated with a panel on Practical Experiences in the implementation of the Carbon Footprint, a tool of the Ministry of Environment, which recognizes the measurement and favorable management of carbon emissions. The panel was moderated by Milagros Sandoval, together with Thomas Duncan, President of the Business Sustainability Commission of the Lima Chamber of Commerce, and David Garcia, Environmental Strategy Manager of Credicorp. Both experts shared perspectives and best practices in carbon footprint measurement and management in the corporate environment, highlighting the importance of environmental responsibility in corporate decision making.
The workshop “REDD+ Projects ABC” has been a unique opportunity to bring the opportunities and challenges of the voluntary carbon market closer to the private sector, in partnership with environmental funds and government institutions, in the fight against climate change and the conservation of natural resources.
