NWPStaging

MainDB: IFC

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Title

IFC

NWPWeblink

https://getlifeperu.com/proyectos/

NWPTypeOfOrganization

Private sector

NWPGeographicRegion

South America

Scope of work

NWPMandatesandFrameworks

NWPModalityApproachandMechanism

NWPEffortsToAddressSOE

NWPRelevantStakeholders

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NWPImpactAreas

NWPOutputs

Good practices and lessons learned

The IFC methodology has served us as a powerful tool to launch projects with the primary objective of environmental protection and conservation, involving the indigenous communities residing in its area of influence. Our projects aimed to promote community development by addressing basic needs and preserving their quality of life and culture through building capacities and infrastructure. During the years 2022 and 2023, we have worked directly with three communities in the Peruvian Amazon: Fray Pedro of the Matses Ethnicity located in the Department of Loreto on the border with Brazil, and the Native Communities of Sinchi Roca and Puerto Nuevo of the Kakataibo Ethnicity in the Ucayali region. These communities found themselves, after the pandemic, without financial resources and in a state of total neglect, lacking access to electricity, potable water, limited education, high malnutrition rates, and no direct access to the integrated health system.

NWPGapsChallenges

Date of submission

Abbreviation

GRAF

Activities

Adaptation element

Adaptation planning and practices; Capacity building; Education and training

Adaptation sector/theme

Biodiversity; Ecosystem-based adaptation; Community-based adaptation; Adaptation finance; Infrastructure; Indigenous and traditional knowledge

Climate hazard

Loss of biodiversity

Country

Peru

NWPDataSource

Description

Infinite Forest Carbon (IFC) methodology is a process that employs technical, statistical, and scientific assessments to quantify the carbon tonnage housed within primary forests. Following this evaluation, we issue financial instruments known as Patrimonial Titles. These titles, reflecting the assessed valuation, are subsequently introduced to the world's leading capital markets. Companies keen on contributing to the preservation of the Natural Capital and supporting the Indigenous Communities embedded within these ecosystems find opportunities for meaningful engagement through these instruments.

Expected outcome

Further information

The IFC methodology works as a process that employs technical, statistical, and scientific assessments to quantify the carbon tonnage housed within primary forests. Following this evaluation, we issue financial instruments known as Patrimonial Titles. These titles, reflecting the assessed valuation, are subsequently introduced to the world's leading capital markets.

NWPGeographicScope

National

Indicators of achievement

NWPInformationType

Tool

NWPJoinDate

27/05/2024

NWPPartner

Get Life S.A

Purpose

GET LIFE SAC aims to conserve the Amazon Rainforests in the Peruvian jungle in three Indigenous Communities (Fray Pedro, Sinchi Roca and Puerto Nuevo). We are working in the Peruvian jungle with Get Life SAC, an organization oriented to develop Eco-Sustainability solutions oriented to promote the conservation of the environment. Their approach is to integrate financial models to develop initiatives that contribute to the preservation of the planet. Our projects are developed based on the IFC methodology, which will be implemented in indigenous communities as a result of the monetization of the ODS Heritage Titles. Purpose: To promote the restoration and conservation of terrestrial and forest ecosystems at the national level through community participation and the use of sustainable practices, through the fulfillment of SDG

Regional group

Least Developed Countries

Target group

Communities

NWPWorkStream

NWP

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NWPPartners

Type of knowledge resource

Scale of work

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NWPReferences

The Infinite Forest Carbon (IFC) methodology is officially endorsed for scientific calculations (stored carbon) by the International Center for Leadership Training (CIFAL) Argentina of the United Nations Institute for Research and Training (UNITAR). The economic valuation is accredited for a fixed period of 30 years by the Embaixada do Clima, an observer member of the International Capital Market Association (ICMA).

Implementing partners

Get Life SAC works in parallel with the Fico Forest Bank, CO2 Capital, TMF and Embaxaida do Clima.

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SourceItemID

2558

NWPSecendaryEmail

ronald.soldevilla@getlifeperu.com

NWPPrimaryEmail