To date, MVP’s funding has come primarily from philanthropy. MVP was founded by the Mamoní 100 Club and Fundación Geoversity. The Mamoní 100 Club is a group of civic-minded entrepreneurs and philanthropists who have purchased most of the land and donated most of MVP’s revenue.
In 2019, MVP turned its attention to diversifying its funding. While biodiversity and community culture had been MVP’s primary focus, MVP had also been inventorying the carbon being preserved.
Using the same methodology used for determining REDD+ credits (but without verification), it is estimated that MVP and its partners have accumulated carbon offsets of between 300 thousand and 600 thousand tons of CO2. They expect to accumulate another 1.2 million to 1.6 million tons within their current landholdings. Therefore, MVP created and began marketing Corporate Carbon Offset Partnerships.
Corporate Carbon Offset Partnerships
Corporate Carbon Offset Partnerships provide corporations with their mini-reserve within the Valley and the voluntary carbon offsets that accompany their preserve. This package is especially appealing to organizations that appreciate the biodiversity importance of this critical migratory corridor, the visiting rights to their preserve, the associated marketing value, and the carbon offsets that accompany the partnership.
The package includes offsets of already avoided deforestation (MVP and its partners have prevented over 650,000 tons of CO2 emissions from deforestation), offsets from the continued primary forest and old-growth secondary forest preservation (link to Redlands online map), offsets from reforestation with bamboo (link to map with existing bamboo plantations), and offsets from non-carbon benefits (the MVP is the only opportunity for this flexible offset method in the World, backed by the UNFCCC (link to document explaining what non-carbon benefits are).
By enrolling, the partner will:
- Receive assistance in calculating its carbon footprint
- Move toward carbon neutrality by offsetting CO2 emissions
- Be able to observe and share online imagery of its corporate preserve
- Receive each year an annual offset certificate and visually attractive maps (digital satellite and drone imagery)
- Be able to visit its preserve, staying at discounted rates at the nearby science and leadership training center in the Mamoní Valley Preserve.
- Be supporting the MVP vision and the Geoversity School for Biocultural Leadership.
- Be provided with outstanding conservation stories from local communities and the preserve.
- Be contributing to global climate change mitigation
- Be among the first companies to choose non-carbon benefits for their offset as promoted at the 26th UN Climate Change Conference of the Parties (COP26) at the Scottish Event Campus in Glasgow on 1 – 12 November 2021.
- Receive an annual overall offset investment- and result report, including a direct positive effect map (starting Jan 2022).
At this moment, the Mamoní Valley represents the only option in the world for offsetting via non-carbon benefits. Using the Mamoní Valley Preserve as a pilot project, Fundación Geoversity was chosen by the European Union’s EUROCLIMA+ program to define how this UNFCCC Global Climate Change mechanism can be successful.
Non-carbon benefit projects can be understood as 1) activities that make traditional carbon sequestration projects sustainable by creating local ownership and incentives or 2) activities that produce a direct positive climate change impact. Whichever of these two approaches, the non-carbon project must, by its definition, create socio-economic, environmental, biocultural, or governance benefits and a positive global climate effect.
For example, a solar company can choose to offset its carbon footprint by installing photovoltaic systems in communities (if it replaces fuel generators), whereby the company obtains an additional promotional benefit from its compensation. Read more about the concept.