In the framework of the sustainable development agreement to fight deforestation and degradation in Latin American forests, the Development Bank of Latin America, CAF, neutralized the greenhouse gas emissions (GHG0 generated by its operations from 1970 to 2018. The institution offset its historical footprint by acquiring 162,986 carbon credits from the REDD+ Castañeros network in Madre de Dios developed by Bosques Amazónicos BAM.
CAF communicated its commitment to sustainability at COP25 and through an institutional video:
More about the conservation program REDD+ Castañeros
In 2006, the construction of the Interoceanic Highway that joins Peru with Brazil generated a major threat of deforestion in the jungles of Madre de Dios –one of the most biodiverse areas on the planet– and in the brazil nut forest areas allotted to small local concessionaires. According to projections, greater accessibility will mean that 34% of the natural forests in these areas will be deforested by 2041.
The REDD+ Castañeros project groups together more than 400 concessionaires in the Federación de Castañeros de Madre de Dios (FEPROCAMD) to protect 300,000 hectares of forest threatened by growing deforestation in the region.