BAM Bosques Amazónicos

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BAM Noticias Peruvian Native Reforestation Project Attains CCB Standards Gold Level (December 2010)

Peruvian Native Reforestation Project Attains CCB Standards Gold Level (December 2010)

Lima and Washington DC, December 16, 2010. Campo Verde, a forestry project that will help reverse the cycle of deforestation in the Amazon, has been validated at the Gold Level under the Climate, Community, and Biodiversity Alliance (CCB) Standards in recognition of its adherence to high ecological and social principles. Bosques Amazonicos (BAM), a Peruvian company that specializes in leveraging market-based approaches to forest regeneration and conservation, is implementing the project.

Unsustainable timber harvesting poses a significant threat to the Amazon. Typically loggers will extract high-value timber, and then abandon the forest to be slashed and burned for use in cattle ranching. This vicious cycle rapidly depletes the soil’s fertility, causing ranchers to search for more productive land elsewhere.

The Campo Verde Reforestation project helps end this process by rebuilding the nutrients in the soil prior to planting a mix of native species that also have high commercial value. BAM has already planted over 1,100 hectares to date, with a target of reforesting or enriching 18,900 hectares over the next several years.

“We are very pleased to be recognized for utilizing the highest ecological and social standards. We believe strongly that this model of sustainable forestry can be expanded throughout the region to help fight deforestation and promote community development” said Jorge Cantuarias, BAM’s Chief Executive Officer in Lima.

In addition to generating carbon offsets, restoring biodiversity, and providing opportunities for local people, the project also minimizes soil erosion and restores the area’s water cycle.

The project was validated under the Voluntary Carbon Standard (VCS) late last year. “The measurable biodiversity and social benefits generated represent a new promise for sustainable development, in which private capital becomes a major force of change in rural areas” said Richard Saettone, Director of BAM.