CO2 OPERATE B.V.
Status: Approved investmentWhy disclosure?
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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
Our client is CO2Operate, a Dutch-based social enterprise, which has been running a Voluntary Carbon Mechanism (VCM) scheme in West Sumatra’s Singkarak Lake watershed since 2009. So far, it has converted 200 ha of degraded (grassy) land into mixed food forests, while capturing and storing carbon and increasing biodiversity.
What is our funding objective?
The objective is to support CO2Operate with the scaling up of the project to migrate the company from proof of concept to the scale-up phase and reach its vision to rehabilitate to more than 5,000 ha of degraded land by 2030.
Why do we fund this investment?
The project aims to combine reforestation with improving livelihoods of rural communities and is a pilot project to test if FMO can get rapid in carbon credits to potentially offset its own footprint as of 2023.
More investments
| Date | Total FMO financing |
|---|---|
| 11/12/2020 | EUR 0.02 MLN |
- Website customer/investment
- http://www.co2operate.nl
- Region
- Asia
- Country
- Asia
- Sector
- Agribusiness, Food & Water
- Effective date
- 4/22/2020
- Total FMO financing
- EUR 0.50 MLN
- Funding
- Building Prospects