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ecosecurities also expands local team to support the delivery of three pioneering projects focused on soil carbon sequestration and Avoided Planned and Unplanned Deforestation which also received government approval
GENEVA, SWITZERLAND and ASUNCIÓN, PARAGUAY - 8 MARCH, 2024 –
ecosecurities, a leading global climate solutions company that leverages the power of nature, technology and finance to help accelerate decarbonisation efforts and the Ministry of Environment and Sustainable Development (MADES), Paraguay announced a strategic collaboration to work together to build capacity, share knowledge and develop robust frameworks and processes to successfully accelerate the development of the carbon markets in Paraguay, catalysing vital flows of private sector finance which will be essential in enabling the country to cut greenhouse gas emissions by 20% by 2030. The agreement was signed by Minister Rolando de Barros Barreto Acha of MADES and Francisco Ocampo, Regional Director of ecosecurities.
"This partnership, as others, underscores our commitment to robust environmental governance and leveraging innovative solutions for sustainable development." Stated Minister Rolando de Barros Barreto Acha, Ministry of Environment and Sustainable Development, Paraguay.
ecosecurities has also established a local team to support the partnership with MADES, drawing on the organisation's nearly three decades of experience working in the climate and carbon sector. In addition, the team will also support the successful implementation of three greenhouse gas mitigation projects in Paraguay using Verra’s Verified Carbon Standard (VCS) and Climate Community and Biodiversity (CCB) Programs having received approval from the government. They will also be developed within the Integrity Council for the Voluntary Carbon Market (ICVCM) assessment framework.
The three carbon mitigation projects are:
1. Carbono Rural - Implementing sustainable livestock practices and soil carbon sequestration on degraded pastures in Western Paraguay
2. Panambi – a forest conservation project in the Oriental region of Paraguay working with local landowners to protect the Chaco forests
3. Yvoty – a forest conservation project protecting the Mbaracayú Reserve in Eastern Paraguay.
Francisco Ocampo, Regional Director at ecosecurities remarked, "It’s fantastic to be working with MADES to enable them to implement an effective, high-integrity carbon market that can accelerate climate mitigation activities by accessing flows of private finance. With Paraguay approving projects across various sectors and scaling its carbon market activity, we are excited to establish our local office and bolster the team on the ground, delivering a portfolio of projects that will generate high-impact, high-quality carbon credits.”
Media contacts:
ecosecurities
Rachel Mountain| rachel.mountain@ecosecurities.com | +44 7446733741
Ben Lynch| ben.lynch@ecosecurities.com |+44 7809292676
Notes to Editors:
About ecosecurities
ecosecurities is a leading global climate solutions company that leverages the power of nature, technology and finance to help accelerate decarbonisation efforts around the world. With almost three decades of experience, the company has extensive capabilities in developing renewable energy, waste, nature and technology-based and community projects.
The company has deployed over $1 billion in climate finance and generated more than 400 million carbon credits across 700 projects in 45 countries. ecosecurities works closely with industry-leading standard setters, governance bodies and membership organisations to realize the full potential of high-integrity carbon markets across a variety of methodologies and protocols.
Headquartered in Switzerland, the company has a presence in 11 countries and has received strategic investment from SK and Shinan, Hartree Partners and Sustainable Investment Management. Find out more at ecosecurities.com
About MADES
The Ministry of the Environment and Sustainable Development (MADES), is an entity whose function and purposes are the formulation of policies, coordination, supervision, execution of environmental actions, plans, programs and projects framed in the National Development Plan, referents to the preservation, conservation, recomposition and management of natural resources.
In addition, it is responsible for ecological management and the environment in general, tending to a permanent improvement of the living conditions of the different sectors of Paraguayan society to guarantee conditions of economic growth, social equity and long-term ecological sustainability.
Find out more at mades.gov.py