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
Contact Email:
Website:
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.