Andes Amazon Fund (AAF), an Initiative 20x20 financial partner, has created the new Municipal Conservation Area of Huamboya in Ecuador. The new protected area will conserve 41,716 hectares of sub-tropical montane forest along the eastern slope of the Andes Mountains.
Brazil is both the world's largest producer and consumer of heart of palm. It makes up 75% of this US$ 500 million, 150 million ton market. Until recently, the industry's growth has relied on the extraction of heart of palm, also know as pupunha, from natural forests, causing extensive deforestation. The unquenchable demand for heart of palm became so intense that some heart of palm species almost went extinct.
The Zamora Chinchipe Province in southern Ecuador harbors an outstanding biological and cultural richness. This area is part of the Huancabamba Depression of the Andes and includes numerous smaller ranges and basins, as well as a dense system of rivers that drain into the Amazon.
The Andes Amazon Fund, an Initiative 20x20 financial partner, has helped to create the Cascales Municipal Conservation Area, declared on November 27, 2018 in Ecuador’s Sucumbios Province. Rich in biodiversity, this area will protect 61,521 hectares of forest along the eastern slope of the Andes Mountains.
The Cordillera Azul National Park is considered a jewel in the Amazon Basin thanks to its unique location at the intersection of the Andes mountain range and the Amazon Basin. The Cordillera Azul landscape is a rich biodiverse forest ecosystem that also stores a significant amount of carbon. A population of more than 250,000 people organized in 400 communities live in the buffer zone around the Park's boundaries. Most are subsistence farmers and over 40% live in poverty.
TexBel is a coconut water and citrus company in Belize that plants commercial-grade fruit trees on degraded land. Founded in 2013, TexBel currently operates three farms in Belize, for a total of 1,214 hectares, and is one of the largest producer of Valencia oranges and White Marsh grapefruits in Belize. It will bring new revenues to farmers and encourage the plantation of millions of hybrid coconut trees, by renovating thousands of hectares of degraded orchards.
Mirova's Althelia Climate Fund has participated in a EUR 10.2 million (US$11.1 million) investment program in Izabal, on the Caribbean Coast of Guatemala, to finance the long-term conservation of up to 110,000 hectares of natural forest in and around the region’s network of protected areas, up from an original goal of 54,000 ha. The investment aims to avoid over 8 million tonnes of CO2 emissions through avoided deforestation, an increase of 3.8 million ha from its initial target.
Cafetalera Nicafrance is an agroforestry company that specializes in the production of high-quality certified coffee and timber in Nicaragua’s Matagalpa department. Founded in 1992, Nicafrance has grown to become one of the biggest coffee farms in Central America, supplying large international roasters and leading coffee brands. Nicafrance owns a large independent coffee farm, La Cumplida, of over 1,500 hectares, including 660 hectares of tree-shaded coffee plantations.
According to data from World Resources Institute's Global Forest Watch, Paraguay has lost 22% of its tree cover between 2000 and 2017. This represents 5.46 million hectares of natural forest. First, the Amazon was hit. Now, deforestation has spread to the Gran Chacho.
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