CO2OL Biodiverse Forests, Panama
Location
Panama
SDGs Certified
5
Solution Type
Afforestation (ARR)
Project Type
Carbon Removal
Fact File
📍 ForestFinance plants mixed forests in four of the ten provinces of Panama (Chiriquí, Darien, Panama and Veraguas) on a total area which, together with the forest reserves, would be enough for about 3,700 football fields
🌳 The project started in 1995 - the older trees and are important seed banks for the region
🍫 The project combines environmentally friendly timber with fair and organic cocoa production
Partnership &
Certification
About this Project
The Problem
From 2002 to 2023, Panama lost 19% of its total tree cover. This includes large areas of primary forests, cut down to make way for agriculture and mono-cropping. These changes to the landscape limit the country’s carbon sequestration capacity, threaten biodiversity and leave parts of Panama at much higher risk of erosion, soil degradation, and contamination from agricultural runoff.
The Solution
ForestFinance are reforesting land previously used for cattle ranching with a mixture of native species, species used for sustainable timber production and organic agriculture. This combination promotes biodiversity in the area, improves carbon sequestration, and supports economic growth in the region.
Project Location
SDG Contributions
