What is a community compensation distribution mechanism❓ Terraspect believes ‘community compensation’ is more accurate than ‘benefit sharing’ or ‘co-benefits’ as these terms imply that the local community is passive in a carbon project and is simply granted benefits as an act of generosity. Community compensation, on the other hand, suggests a rightful payment in return for active, critical contributions to a carbon project. A community compensation distribution mechanism is a way to pay local people for their conservation or restoration work that is context-specific and traceable. A typical distribution mechanism considers: 1️⃣ What to pay 2️⃣ How to pay it 3️⃣ How to audit it The design is determined through engagement and consultation with the community, grassroots organisations, local partners and the buyer or project investor. ⚖️ These principles balance the trade-offs between compensation flowing to the community versus imposing external requirements that reshape the internal structure. Payments can be monetary, non-monetary, in-kind of a hybrid: 💲 Monetary and non-monetary compensation is often distributed to the community, typically through specific vehicles such as community trust funds, ecotourism funds or group bank accounts. ❤️ In-kind compensation can be a positive thing for the community when it supports critical infrastructure which didn’t exist before. This development needs to benefit all community members, which can be hard to determine. Dig deeper into the discussion of what to pay in section 3 of our white paper - From co-benefits to core-benefits. 👇 https://lnkd.in/enn36Ekv #communitycompensation #carbonfinance
Terraspect’s Post
More Relevant Posts
-
Check out this exciting news from Local Initiatives Support Corporation (LISC) National! Click the post below to learn more about Power Forward Communities and the potential impact of this program!
We're excited to announce that today Power Forward Communities has been officially awarded a $2 billion, seven-year National Clean Investment Fund (NCIF) grant from the US Environmental Protection Agency (EPA). Starting in early 2025, these funds will enable the affordable decarbonization of homes and apartments nationwide, with a special focus on supporting under-resourced communities. Learn more! https://lnkd.in/grJzsnfP Enterprise Community Partners, Rewiring America, Habitat for Humanity International, United Way
-
Investors participating in the Contribution Option plays a pivotal role in propelling St. Kitts and Nevis towards becoming a Sustainable Island State. The funds generated through this initiative are allocated to various essential purposes, such as: - Enhancing local food production - Transitioning to green energy - Diversifying the economy - Attracting sustainable industries - Promoting the Creative Economy - Expanding social protection measures to safeguard the most vulnerable members of society Contributions start from US$250,000 for a single applicant or a family of up to four persons. Learn more here - https://lnkd.in/dwc2fXvc #LocalCommunity #Sustainability #CreativeEconomy #GreenEnergy #IndustryDevelopment #StKittsandNevis #CitizenshipbyInvestment
-
-
By aligning your money with your values, you can support causes like sustainable energy, clean water, and community development while growing your wealth. Join the movement toward purposeful investing here: https://lnkd.in/edf4Up_t #ImpactInvesting #AlignWithValues #FinanceForChange #InvestForGood
-
Check out this exciting news from Local Initiatives Support Corporation (LISC) National! Click the post below to learn more about Power Forward Communities and the potential impact of this program!
We're excited to announce that today Power Forward Communities has been officially awarded a $2 billion, seven-year National Clean Investment Fund (NCIF) grant from the US Environmental Protection Agency (EPA). Starting in early 2025, these funds will enable the affordable decarbonization of homes and apartments nationwide, with a special focus on supporting under-resourced communities. Learn more! https://lnkd.in/grJzsnfP Enterprise Community Partners, Rewiring America, Habitat for Humanity International, United Way
-
Great blog by Andy. Brave policy required at both Scottish Government and Local Authorities to move from extractive economics in energy generation to community benefit. Where communities have taken the lead, secured investment and established renewables the evidence is clear. From Point of Sandwick to Fyne Energy, return on investment to deliver benefit is significant. How do we amplify and replicate and how can local authorities and Scottish Government be more proactive in this space?
💬 In his newest blog, hear from our Policy Officer Andy Paterson as he discusses growing a greener and fairer Scotland, through utilising community energy and social enterprise. Read it here 👉 https://zurl.co/tNTo #SocialEnterprise #SocEnt #CommunityEnergy
-
-
It’s interesting how often the term "community investment" is used without a clear understanding of its true meaning. Did you know there are six guiding principles that companies follow when reporting their community investments? These principles help determine the value of cash investments, in-kind contributions, volunteer efforts, and administrative costs. It's also important to note a common reporting error: when companies mistakenly include employee and stakeholder giving as community investment, when it should actually be reported separately. Some describe community investment as ‘voluntary’ contributions that go over and above operating requirements. While this is correct, this is a characteristic, not the full definition. Learn more about the Canadian Community Investment reporting standard, and the companies upholding it, here: https://lnkd.in/dhPvYHdh Understanding these nuances ensures more accurate and meaningful reporting. #EmployeeEngagement #CommunityImpact #CorporateResponsibility #CSR #CIMatters #ESG #CommunityInvestment
-
Our Sustainable Community Buildings programme, which aims to help groups cut their carbon emissions and save money, will open for applications from Wednesday 8 January to Wednesday 19 February 2025 for organisations with community buildings in the following Council areas: - Belfast - Antrim and Newtownabbey - Lisburn and Castlereagh. This programme offers grants of up to £50,000 and includes free carbon literacy training and expert help to write an environment plan. You can reserve a space now on one of the free virtual information sessions we are holding in January, to tell you more about the programme and application process. https://ow.ly/s9Fq50UrzNQ Belfast City Council Antrim and Newtownabbey Borough Council Lisburn & Castlereagh City Council NICVA (Northern Ireland Council for Voluntary Action)
-
-
Investing in Multi-Family NOAH & Manufactured Housing | Consistent Market-Rate Returns with Measurable Social Impact
Transforming Communities: The Impact of Proactive Social Funds on Tiny Home Living Discover how proactive social impact funds collaborate with tiny home communities, providing compact, sustainable housing solutions with minimal environmental impact. Explore the benefits of shared spaces, community-focused living, social services, and reduced construction costs. Learn how these initiatives can transform communities in just 60 days. #TinyHomes #CommunityLiving #SustainableHousing #ProactiveSocialFunds #SocialImpact #SharedSpaces #CommunityTransformation #AffordableHousing #CompactLiving #CommunityDevelopment
-
Don't chase environmental impact. Build a community and the impact will come. For environmental projects, don't just keep chasing for impact. Focus on creating the conditions for your project to build a community that takes action. Then the impact will be achieved over time. If you need support to build a community for your project, check out the SG Eco Fund.
-
-
Imagine getting free, sustainable period products delivered right to your door every month. For young people in Bridgend, Wales, this isn't a dream - it's a reality thanks to a fantastic initiative by Bridgend County Borough Council. We're so honoured to be their partner in delivering the subscription scheme, which over 2000 people accessed in the first few months alone. Here's why this project is so impactful: → Combats period poverty: Ensures everyone has access to essential period products, regardless of financial situation. → Prioritises sustainability: The council chose us to deliver the scheme to minimise environmental impact and align with Wales' sustainability goals. → Empowers young people: The scheme was designed with the Youth Council to ensure it meets their needs. → Promotes inclusivity: Offering a variety of products and accessible resources. Alongside monthly subscriptions, they also have the "pick n mix" stands where people can grab what they need on the go 👇
-
At #carbontanzania we go further than this in framing the relationship between the forest communities and the flow of carbon finance. I agree strongly that phrases such as “banafit sharing” and “co-benefits” are inadequate, and potentially paternalistic, in describing the rationale behind the revenues that are received by communities in Carbon Tanzania’s model, we treat the communities who own and manage the critical forest resources as providers of a service to the global community which is paid for out of carbon revenues in this way genuine agency and ownership of the process is fostered, rather than repeating the shortcomings of charity and donor finded nature conservation.