NATURE-BASED CARBON OFFSET
We are currently engaged with a local partner as well as federal, state and traditional leaders in Benue State for the use of more than 100,000 hectares of land along the Benue River. This project will provide boundaries along the river to mitigate flooding challenges for farmers and community members. It will also reduce illegal, nomadic grazing for livestock and support local farmers with bamboo and other value-added agricultural crops for the communities.
We have also engaged the state government of Anambra for development of multiple bamboo farming sites across the state with a particular focus on degraded land and erosion gullies caused by significant flooding and illegal excavation activities. Site identified to date aggregate to approximately 40,000 hectares.
The projects in Nigeria include a local NGO, STEi Foundation, that focus on forestry revitalization with expertise in bamboo. An additional NGO partner identified, as well as community education and development.
Working with a local partner as well as federal, local, traditional leaders we have confirmed the designated location for 80,000 hectares in the Savannah region along the Volta River. There we will replicate our efforts from Nigeria to develop a large-scale agricultural community with a focus on bamboo. This is a remote and largely unpopulated region. We will support the development of a sustainable community with a circular agriculture-based economy.
Here’s the thing: It’s almost impossible for a company to offset all of its GHG emissions with in-house green initiatives. That’s why eco-conscious companies purchase carbon certificates.
Carbon certificates are market-traded commodities that represent a specific, predetermined amount of carbon pollution. When a company “retires” a carbon certificate, they are “canceling out” the same amount of CO2 from their overall carbon footprint.
Carbon Offsets allow companies to compensate for their greenhouse gas emissions.
Carbon Offsets are generated from projects around the world that pull Greenhouse Gases out of the atmosphere.
Carbon Offset certificates will expire within two to three years, or five years at the maximum.