Green Tech
Matthieu Delouvrier, Head of Business Development at aDryada, flies over the Samar Island National Park on an initial assessment visit. He was accompanied by Ruben Picardo, CEO of Samar Bamboo Corporation; Sharee Ann Tee Tan, Governor of Western Samar Province; Angelito Villanueva, Department of Natural Resources representative in Samar; Jeremy Knight, Chairman of Audax Global; and other officials.
Biodiversity is a key asset
It supports agricultural resilience and productivity, it improves water availability and quality, it is a source of new medicines, it is attractive for tourism and, last but not least, it helps to fight climate change.
aDryada, implementer of forest restoration and biodiversity projects, and Ardian, a world- leading private investment house, have together launched Averrhoa Nature-Based Solutions. Their strategy is entirely dedicated to large-scale nature-based projects and aims to generate a significant impact in favour of climate, biodiversity and respect for local communities. It will deploy around 1.5 billion euros to fund projects worldwide, mainly in emerging markets and developing economies.
These are large-scale (in excess of 50,000 hectare, 125,000 acre) reforestation and land restoration projects which including the rehabilitation of degraded forests, mangroves and wetlands. Usually land concession agreements will run for a minimum of 40 years. aDryada’s major ambition is to create a tangible impact on biodiversity, climate and people’s living conditions – the three go together. To achieve this, the company has developed an innovative and efficient business model based on high-end sequestration carbon credits. It unlocks large-scale investments and generates long-term financial flows for stakeholders and partners. The company works with governments, leading global financial institutions, corporations, public and non-profit organisations, local private actors and communities. As a co-founder of the Organisation for Biodiversity Certificates (OBC), aDryada aims to further increase the value of nature-based solutions thanks to the deployment of biodiversity certificates at international level.
Audax assists major win in the Philippines
aDryada, which develops, operates and finances large-scale nature-based reforestation projects all over the world, is partnering the government and private sectors in the Philippines to launch a massive project aimed at addressing climate change in the country.
On 29 May 2024, aDryada, its partner Samar Bamboo Corporation, and the Department of Environment and Natural Resources (DENR) of the Philippines, signed a Memorandum of Understanding to deploy the countrys largest reforestation project in the island of Samar. Samar BioSPV, a company formed between aDyrada and the Samar Bamboo Corporation, will undertake the Green Samar Project aimed at restoring some 90,000 hectares of degraded forest in the northwestern part of the 335,105-hectare Samar Island National Park (SINP) and generating negotiable sequestration carbon credits.
aDryada and its local partners, along with Swiss-based Audax Global — a worldwide network facilitator – intend to establish a giant bamboo plantation coupled with the massive reforestation of portions of the SINP. The project will transform Samar into the country’s bamboo capital.
The SINP, located in Samar province, contains the largest contiguous tract of old-forest growth in the country and is considered to be the centre of biodiversity in the Philippines. It is home to a wide range of habitats and ecosystems and is crucial to the conservation and survival of at least three critically endangered and vulnerable reptile species and at least five endangered endemic mammal species. It also provides refuge to 15 endemic avian species classified as vulnerable, endangered or critically endangered.
With the signature of the Memorandum of Understanding, aDryada will initiate a complex feasibility study which, all being well, will result in the signature of a definitive Memorandum of Agreement between the partners and the DENR. Major inward investments are expected to flow with effect from 2025.
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