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EIB backed “game-changing” Climate Action Project wins award from United Nations

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A project supported by the European Investment Bank to protect Peru’s delicate biodiversity and encourage farmers to grow environmentally sustainable cocoa crops has been held up as “game changing” in the fight against climate change by the United Nations Framework Convention on Climate Change (UNFCCC).

The investment in the Tambopata REDD+ Project in Madre de Dios is part of the Althelia Climate Fund, a highly innovative fund focusing mainly on projects in Latin America and Africa. The European Investment Bank (EIB) is a cornerstone investor in the Fund and has supported it with expertise and finance of more than EUR15m since the Fund was launched in 2013.  The EIB is the world’s biggest provider of climate finance and a pioneer in the field of innovative approaches to climate investment.

The Fund’s sustainable cocoa project is one of 16 winners of the UN’s 2015 Momentum for Change Lighthouse Activities Awards. It is helping more than 1000 farmers to produce sustainable cocoa while protecting the biologically diverse Tambopata National Reserve and Bahuaha-Sonene National Park.

The awards are part of a wider effort by the UN as national governments work toward adopting a new universal climate agreement in Paris this year

Althelia Climate Fund and the project were singled out for the innovative and inclusive approach to financing, via a ‘payment for performance’ model: farmers receive financing on the condition that they will not  deforest further, will restore 4,000 hectares of degraded land with cocoa-based agroforestry systems, and that a share of the proceeds from cocoa sales will go to investors. The project will also work with farmers to gain Fairtrade and Organic certification, which ensures fair labour and environmentally friendly farming practices.

In the last 5 years, the European Investment Bank has provided finance of around EUR 100 billion for climate action both in Europe and outside it. Last month, the EIB set a new 35% target for climate financing in developing countries. The EIB’s new EIB Climate Strategy also committed a greater focus on the impact of projects as well as more support for adaptation measures in countries particularly  vulnerable to the effects of climate change.

Key facts on Tambopata REDD+ Project:

– The project protects 570,000 hectares of rainforest, ensuring that emissions of 4.5 million tonnes of CO2 equivalent are avoided by 2020

– Althelia Climate Fund’s carbon asset-backed loan of USD 7 million is fully collateralized by the project’s emission reduction units (carbon credits). This means additional carbon finance is leveraged to support the protection of standing forest and the restoration of degraded lands, benefitting small farmers who otherwise lack finance

– The Peru-U.S. debt swap fund, FONDAM, provides USD 2 million grant co-financing towards this project

– The investment aims to produce at least 3,200 tonnes per year of certified deforestation-free organic and Fairtrade cocoa. This cocoa will be sold through a farmer’s cooperative, which will secure higher prices for members and full traceability of the product

Environment

4 Common Items That Can be Reused Again and Again

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reuse reduce recycle plastic bottles etc
Shutterstock Licensed Photo - By Vanatchanan | https://www.shutterstock.com/g/vanatchanan%20buahom

As a society we are getting much better at taking our obligations to the world and environment around us more seriously. This is undoubtedly a good thing! The effects of climate change are beginning to manifest across the world, and this is turning the issue from an abstract threat into a very real danger. Trying to introduce some greener, more eco-friendly practices into your life isn’t just a great way of doing something beneficial for society and the world around you. It is a wonderful way of engaging positively with the world and carries with it numerous psychological benefits.

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Being a greener, more ecologically friendly person doesn’t require any dramatic life changes. Breaking or making a few small habits is all it takes to make your life a greener one. In this article we look at one of the easiest, yet most effective green practices to get into: reusing everyday items.

Jars and Containers

Glass and metal are widely recycled, and recycling is a good thing! However, consider whether any containers you buy, whether it’s a tub of ice cream or a jar of coffee, can be washed out and reused for something else. Mason jars, for example, can be used to store homemade pasta sauce and can be washed for future use. Once you start thinking about it, you will find endless opportunities to reuse your old containers.

Soda Bottles

An ice-cold soda is a wonderful treat on a hot day, but buying soda can get expensive, and the manufacturing and distribution of the drinks themselves isn’t great for the environment. However, by holding on to your old soda bottles and repurposing them as water bottles, you can save money on drinks, or use them to measure out water for your garden.

Plastic Bags

Most of the time groceries come in paper bags, which are better for the environment than the plastic alternatives, but they are less durable and thus harder to reuse. Whenever the store places your items in a plastic bag, hang onto it so you can reuse the bags again. If you want to take it one step further, consider looking into buying some personalized recycled bags. These bags are designed to last for a long time and are made of recycled materials. They look striking and unique, they’ll turn heads, and maybe even attitudes!

Seeds

If you’re a keen gardener, then you will already probably know how to reseed your plants in order to ensure a fresh crop after each plant’s lifecycle. If you have space in your garden, or haven’t yet tried your hand at gardening, then consider planting a small vegetable plot. Growing your own veggies means that you’ll be helping to cut back on the emissions generated by their transport and production. The best part about growing your own food in this way is that, by harvesting properly and saving the seeds, you can be set up with fresh vegetables for life!

Reusing and recycling common household items is an easy way to make your world a little bit greener. Once you start looking for these opportunities you’ll realize that they’re everywhere!

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These 5 Green Office Mistakes Are Costing You Money

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eco-friendly green offices
Shutterstock Licensed Photo - By Stokkete | https://www.shutterstock.com/g/cyano

The sudden interest in green business is very encouraging. According to recent reports, 42% of all companies have rated sustainability as an important element of their business. Unfortunately, the focus on sustainability will only last if companies can find ways to use it to boost their ROI.

Many businesses get so caught up in being socially conscious that they hope the financial aspect of it takes care of itself. The good news is that there are plenty of ways to go green and boost your net income at the same time.

Here are some important mistakes that you will want to avoid.

Only implementing sustainability on micro-scale

The biggest reason that brands are going green is to improve their optics with their customers. Too many businesses are making very minor changes, such as processing paperwork online and calling themselves green.

Customers have become wary of these types of companies. If you want to earn their business, you are going to need to go all the way. Bring in a green business consultant and make every feasible change to demonstrate that you are a green organization from top to bottom.

Not prioritizing investments by long-term ROI

It isn’t realistic to build an entirely green organization overnight. You will need to allocate your capital wisely.

Before investing in any green assets or services, you should always conduct a long-term cost benefit analysis. The initial investment for some green services may be over $20,000. If they don’t shave your cost by at least $3,000 a year, they probably aren’t worth the investment.

Determine which green investments will have the best pay off over the next 10 years. Make these investments before anything else. Then compare your options within each of those categories.

Implementing green changes without a plan

Effective, long-term planning is the key to business success. This principle needs to be applied to green organizations as well.

Before implementing a green strategy, you must answer the following questions:

  • How will I communicate my green business philosophy to my customers?
  • How will running a green business affect my revenue stream?
  • How will adopting green business strategies change my monthly expenses? Will they increase or decrease them?
  • How will my company finance green upgrades and other investments?

The biggest mistake that too many green businesses make is being overly optimistic with these forecasts. Take the time to collect objective data and make your decisions accordingly. This will help you run a much more profitable green business.

Not considering the benefits of green printing

Too many companies believe that going paperless is the only way to run a green organization. Unfortunately, going 100% paperless it’s not feasible for most companies.

Rather than aim for an unrealistic goal, consider the option of using a more environmentally friendly printer. It won’t be perfect, but it will be better than the alternative.

According to experts from Doranix, environmental printers have several benefits:

  • They can process paper that has been completely recycled.
  • They consume less energy than traditional printers.
  • They use ink that is more environmentally friendly.

You want to take a look at different green printers and compare them. You’ll find that some will meet your needs as a green business.

Poorly communicating your green business strategy to customers

Brand positioning doesn’t happen on its own. If you want to run a successful green business, you must communicate your message to customers as clearly as possible. You must also avoid the appearance that you are patronizing them.

The best approach is to be clear when you were first making the change. I’ll make an announcement about your company‘s commitment to sustainability.

You also want to reinforce this message overtime by using green labels on all of your products. You don’t have to be blatant with your messaging at this stage. Simply provide a small, daily reminder on your products and invoices.

Finally, it is a good idea to participate in green business seminars and other events. If your community has a local Green Chamber of Commerce, you should consider joining as well.

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