BIOCARBON PARTNERS LTD.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
BioCarbon Partners Ltd focusses on forest conservation through the implementation of REDD+ projects in Zambia. REDD+ projects are considered a promising climate change mitigation strategy to avoid the deforestation of millions of hectares by providing economic incentives for ecosystem services. BioCarbon Partners uses the economic benefits from the sale of Carbon Credits (VER’s) to facilitate forest conservation through community development initiatives and specialised teams and structures. The project enables FMO to get closer to its commitments and sustainability ambitions “doubling impact and halving footprint” and “green and inequalities labels”.
What is our funding objective?
The Convertible Grant will be used to undertake studies to demonstrate the feasibility of REDD+ projects in Zambia. It will help lay a good foundation for future projects in the sector and the region.
Why do we fund this investment?
The Convertible Grant will be beneficial on two fronts. • Determine/ensure the robustness of the Project and analyze viability of REDD+ as an investment opportunity to mitigate climate change and avoid CO2e emissions. • Allow FMO to improve its sector knowledge of community-based forest conservation.
What is the Environmental and Social categorization rationale?
The Project has a high development and environmental impact. The key development impacts include SDG 13 (climate Action), SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption and Production) and SDG 10 (Reduce inequality within and among countries).
- Region
- Africa
- Country
- Zambia
- Sector
- Energy
- Publication date
- 7/9/2019
- Effective date
- 8/23/2019
- Total FMO financing
- USD 0.05 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+