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Yesterday BCP was thrilled to join the Ministry of Green Economy and Environment – Zambia and Hon. Eng. Collins Nzovu, MP at Mulungushi International Conference Centre (MICC) as partners from across the sector came together to celebrate UN Climate Change International Day of the Forests and the launch of the AFR100 Initiative.
New statistics from The World Economic Forum tell us that over the last century, we’ve degraded 75% of the world’s habitable land. At current trends, 90% will be degraded by 2050. Unsustainable land use and farming practices are the main cause of this degradation, eroding soils, triggering food and water shortages, destroying biodiversity, and releasing carbon.
50% of the global economy is under threat from biodiversity loss, with more than 1 million species now under threat from extinction.
We are proud to align with our Ministry and Government to take action, motivate adaptation, and commit to regeneration under forest protection and ecosystem conservation using climate finance as our tool.
The carbon market is one that has the potential to transform the landscape of forest conservation and regeneration in Zambia. It is a viable way to conserve existing dryland forests and offer indigenous communities options to build resilience against the harsh economic impacts of adverse weather conditions, such as flooding, severe drought, cyclones, and landslides.
Our projects aim to accelerate restoration to enhance food security, increase climate change resilience and mitigation, and combat rural poverty.
Healthy Forests 🌳= A Healthy Planet 🌍
And the greatest threat to our forests is INACTION.
Unless the World takes immediate action to reduce atmospheric CO2 levels, not only is 1.5C no longer within reach, but communities worldwide will suffer the worst impacts of climate change with little to no adaptive capacity.
A high-integrity voluntary carbon market is a critical tool beyond decarbonization to reduce atmospheric CO2 levels. Currently, it is the only avenue to mobilize, at speed and scale, significant funds in additional private-sector climate action finance.
Nature has an essential role to play, with nature-based solutions having the potential to achieve 11 billion tonnes of emission reductions, underscoring the importance of scaling high-integrity REDD+ projects.
Climate Finance is a tool to deliver more than just carbon benefits:
🟢 It builds adaptative capacity and resilience for communities and ecosystems most at risk;
💧 It offers provisions for clean air and water;
🌿 Access to medicine, food, and nutrition;
💚 The restoration of degraded lands;
🙋🏿♀️ And ensures sustainable community development.