High Atlas Foundation

Promoting Subsidized Trees Among Rural Communities in Exchange for Carbon Offset

Innovation Type:

Water-Energy-Food

Product Segment:

Other

Country of Incorporation:

Morocco

Country of Implementation:

Morocco

Seeking Investment:

Yes, $5 million USD

Financing Goals:

Seeking combination of debt and equity
Seeking hybrid (convertible debt or similar)
Seeking corporate investors

Contact Name:

Dr. Yossef Ben-Meir

Challenges

In Morocco, 70% of agricultural land generates 15% of agricultural revenue, due to the traditional growing of barley and corn. Meanwhile, rural poverty affects 75% of people and  Transitioning away from this staple-crop growing cycle towards a more profitable crop is an essential step toward alleviating rural poverty. 

Additionally, value loss along the agricultural chain is also a major cause of systemic, generational rural poverty. By monitoring trees for carbon offsets and commercializing carbon credits, Moroccans can critically benefit from these activities.

Solutions

With community partners, High Atlas Foundation (HAF) grows trees in nurseries at a subsidized rate for farmers, cooperatives, associations, and education centers. HAF’s tree monitoring system secures voluntary and credited carbon offsets, integrating and maximizing the benefits from remote sensing and ground-truthing with community engagement. In addition, HAF provides consultancy and capacity-building workshops to achieve value-added processing of agricultural products from the growing communities and their cooperatives.

In the News
[jetpack-related-posts]