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EcoPlanet Bamboo & AFR100

15th January 2016

African countries launched AFR100 (African Forest Landscape Restoration Initiative) at COP21, showcasing EcoPlanet Bamboo.

Following on from the Bonn Challenge, a 2011 initiative aimed at resotring 150 hectares globally by 2020, the African continent has launched a country driven goal of restoring 100 million hectares of deforested and degraded land by 2030. Endorsed by the African Union the initiative was launched at the Global Landscapes Forum at COP21 in Paris and included initial commitments from 10 countries:

• Democratic Republic of Congo | 8 million hectares
• Ethiopia | 15 million hectares
• Kenya | Committed, but finalizing hectare target
• Liberia | 1 million hectares
• Madagascar | Committed, but finalizing hectare target
• Malawi | Committed, but finalizing hectare target
• Niger | 3.2 million hectares
• Rwanda | 2 million hectares
• Togo | Committed, but finalizing hectare target
• Uganda | 2.5 million hectares

Although neither country within which EcoPlanet Bamboo is currently operating in Africa (South Africa and Ghana) made pledges, the company was showcased as a private sector contibutor to the initiative, not just through our successful model of landscape restoration, but our ability to target unique sources of finance.

Restoration is a costly and challenging endeavour and requires not only economic returns in order to sustain the restored ecosystem, but requires the ability to restore and maintain biodiversity, healthy soils, climate and water, while providing secure livelihoods for forest dependent communities. EcoPlanet Bamboo has not only achieved this, but has done so without tapping into traditional sources of finance - public, non profit and impact - that targets such projects, but instead by drawing in traditional sourcs of private sector finance, and in doing so proving that if done correctly, business can be good for both the environment, and people.

 

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