Spades, SBC, is a Specific Benefits Corporation aimed at addressing climate change through reforestation and agroforestry projects around the world, including in Latin America. It is currently developing three projects totaling $135 million in capital required, one of which is in Belize.
Each project will consist of three parts:
- Protecting and monitoring existing forested habitats, working with their owners (often governments) to monitor forests using on-the-ground and satellite technology.
- Expanding forested habitats around these existing forests through replanting a mix of native tree species. In some cases, including in Latin America, this will include replanting mangroves in coastal habitats.
- Working with local farmers and smallholders to reforest parts of their holdings with fruit and other trees, aiming to develop 50% canopy cover within ten years.
Each of these activities will aim to generate carbon credits, which will be sold over time to provide returns to investors, local governments, communities, and smallholders. Some projects may also provide additional returns from sustainable wood stocks and agriculture in planted buffer and agricultural zones.
Spades' project model is also designed to create long term (e.g., 25+ year) sustainable forests which provide social impact, habitat protection, and climate mitigation, as well as other benefits like storm protection in select areas. Spades will work to achieve these benefits via a network of local tree growers, local and multi-national NGOs, and government ministries.
Spades aims to raise an initial US$50 million from various institutional and private investors for its first Latin America project in Belize. The company also has a pipeline of other projects in both Central and South America and will be seeking additional investment as these projects come to fruition.
Country
Belize
Spades, SBC, is a Specific Benefits Corporation aimed at addressing climate change through reforestation and agroforestry projects around the world, including in Latin America. It is currently developing three projects totaling $135 million in capital required, one of which is in Belize.
Each project will consist of three parts:
- Protecting and monitoring existing forested habitats, working with their owners (often governments) to monitor forests using on-the-ground and satellite technology.
- Expanding forested habitats around these existing forests through replanting a mix of native tree species. In some cases, including in Latin America, this will include replanting mangroves in coastal habitats.
- Working with local farmers and smallholders to reforest parts of their holdings with fruit and other trees, aiming to develop 50% canopy cover within ten years.
Each of these activities will aim to generate carbon credits, which will be sold over time to provide returns to investors, local governments, communities, and smallholders. Some projects may also provide additional returns from sustainable wood stocks and agriculture in planted buffer and agricultural zones.
Spades' project model is also designed to create long term (e.g., 25+ year) sustainable forests which provide social impact, habitat protection, and climate mitigation, as well as other benefits like storm protection in select areas. Spades will work to achieve these benefits via a network of local tree growers, local and multi-national NGOs, and government ministries.
Spades aims to raise an initial US$50 million from various institutional and private investors for its first Latin America project in Belize. The company also has a pipeline of other projects in both Central and South America and will be seeking additional investment as these projects come to fruition.
Country
Belize
