Blue carbon investment by Radicle helping to preserve marine ecosystems in Africa
(Radicle) Canada’s leader in the carbon emissions reductions industry, is proud to invest in an innovative blue carbon project, signifying the important role coastal and marine ecosystems play in carbon storage.
Calgary, Canada – Radicle Group Inc. (Radicle) Canada’s leader in the carbon emissions reductions industry, is proud to invest in an innovative blue carbon project, signifying the important role coastal and marine ecosystems play in carbon storage.
The company’s investment in blue carbon projects in Cacheu and Cantanhez National Parks in the West African country of Guinea-Bissau is making a significant impact, helping avoid an estimated annual 60,000 tonnes of carbon dioxide equivalent (CO2e). This project is made possible through carbon finance and the sale of offsets.
“At Radicle, we are dedicated to searching the globe for innovative, high-impact environmental projects that we can invest in and share with our clients to enable them to achieve their targets,” said Christopher Hakes, Senior Manager of Corporate Climate Solutions at Radicle. “Above and beyond emissions reductions, our commitment to the blue carbon project in Guinea-Bissau supports local economic development, protects biodiversity, and is the first of this project type for Radicle in the voluntary carbon markets.”
Guinea-Bissau, located on the Atlantic coast of Africa, is one of the poorest countries in the world. However, it is exceptionally rich in biodiversity, its mangrove forests essential both economically and ecologically. The people of Guinea-Bissau depend on its forests for their livelihood. Nearly 80 percent of the country’s population lives in the coastal zone and depend on marine and coastal biodiversity for income, material goods, and food security.
While Guinea-Bissau aims to protect 25 percent of its territory with an innovative community co-management policy, the government cannot fully support these efforts by relying upon inconsistent, short-term donor funding or foreign investment, jeopardizing the country’s crucial coastal conservation efforts. Vulnerable mangrove ecosystems provide critical habitat for many marine and bird species. They also offer protection against floods, storm surges, and erosion while sequestering carbon. The project goals include reducing poverty, creating local jobs for rangers to protect these areas, and teaching sustainable fishing practices within communities. To date, at least 302,043 tonnes of greenhouse gas (GHG) emissions have been avoided, and 181,200 hectares of mangroves have been protected, preserving both endangered plant life and wildlife.
Radicle helps guide today’s progressive companies towards tomorrow’s sustainable future. From our early beginnings in Calgary, Canada, when we developed one of the world’s first software platforms to measure, qualify, and aggregate greenhouse gas emissions, we’ve now taken root internationally to leverage data, insights, and technology to safeguard our shared tomorrow. Radicle works with agriculture, energy, forestry, manufacturing, commercial, and financial services to enable planet-positive solutions by increasing efficiency while lowering costs and emissions. We believe that financial and environmental sustainability are two sides of the same coin: balance between the two is possible. For more information, please visit radiclebalance.com to learn more.