Brussels, 13/06/2013 (Agence Europe) - On Thursday 13 June, the European Investment Bank (EIB) decided to contribute up to €25 million for the Althelia Climate Fund launched this week. The fund is a private-public partnership that will help reduce greenhouse gas emissions, with a focus on sustainable land use, ecosystem services and forest carbon.
Althelia Ecosphere is an innovative fund which will develop multiple revenue streams from forest protection and sustainable land use. It aims to demonstrate that financial performance can be fully aligned with sound environmental stewardship and social development. The fund will generate returns in two ways: - firstly, by investing in forest carbon and other socially and environmentally-orientated tradable carbon assets the fund can generate an income stream from standing forests; and secondly, the fund will increase the volume and quality of a range of sustainably produced, certified agricultural commodities. Althelia will invest in projects around the world, with a strong focus on Africa and Latin America. The fund's strategy is to align the interests of the local communities and the fund. (OL/transl.jl)