Aspiration, a high-impact climate finance company, has announced a $21million investment in carbon projects through Trees for the Future (TREES), a non-profit organization training farmers in sustainable agroforestry practices across sub-Saharan Africa. This partnership will enable TREES to provide necessary support and training to 15,000 farmers in and around Lake Victoria Watershed in western Kenya to plant 87 million trees, effectively creating 15,000 hectares of regenerative agroforestry land. The restoration effort will generate 4.13 million Verified Carbon Units (VCUs) and help farmers adapt to the impacts of climate.
Aspiration will provide a portion of the profits from the sale of the VCUs back to TREES and the farmers involved in the projects. In addition to the VCUs produced, farmers are restoring the health and productivity of their land, improving soil health and increasing biodiversity, dietary diversity and income. This project will help farmers diversify the crops that they grow and sell from an average of two crops up to an average of 24 crops.
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“Part of our due diligence in assessing the carbon project partners we work with is a shared commitment to the pressing issue of deforestation and its impact on the environment, communities and wildlife,” said Olivia Albrecht, CEO of Aspiration. “We are proud to partner with Trees for the Future, a proven leader in promoting reforestation and sustainable agriculture.”
Since its founding in 1989, TREES has planted over 300 million trees with farming communities around the world. Through their “Forest Garden Approach,” TREES teaches farmers to transform their land with thousands of fast-growing, ecologically appropriate trees and dozens of other crops, creating new possibilities for themselves and their communities. The average Forest Garden in this project will be made up of 5,800 trees per hectare, resulting in a total of 4.13 million metric tonnes of CO2 removed from the atmosphere over 20 years.
SOURCE: PR Newswire