Today, Terraspect released the first comprehensive toolkit on ensuring that carbon finance delivers its intended benefits to Indigenous Peoples and Local Communities. I am proud to have contributed to the whitepaper From Co-Benefits to Core-Benefits: How to Ensure Carbon Finance is Fairly and Transparently Delivered. Key recommendations include: 💵 Direct payments to communities over in-kind benefits, allowing for self-determination. 🖊️ Due diligence on compensation plans, covering community engagement, management, and regional context. ✅ Standardisation and regulation to ensure best practices across projects. To access the guide 👉 https://lnkd.in/e5NVW6zJ
Today, Terraspect has launched the first comprehensive toolkit on how to ensure that carbon finance delivers for Indigenous peoples and local communities. Our guide, From Co-Benefits to Core-Benefits: How to Ensure Carbon Finance is Fairly and Transparently Delivered, provides guidance on the design and implementation of community compensation plans that are equitable, transparent, and accountable. ✅ We designed the guidance specifically for buyers, developers, and community-based organisations. Read the guide here 👉 https://lnkd.in/eh_fWNGU The Integrity Council for the Voluntary Carbon Market (ICVCM), IUCN, Climate Asset Management, Peoples Forests Partnership, Conservation Finance Alliance, One Acre Fund, Ponterra, ERS - Ecosystem Restoration Standard, Renoster, Tree Aid #carbonfinance #community #nature #transparency #naturebasedsolutions
