by trees for the future, FEBRUARY 14, 2023
Los Angeles, CA Feb. 15, 2023 – Aspiration, a high-impact climate finance
company, has announced a $21 million investment in carbon projects through
Trees for the Future (TREES), a non-profit organization training farmers in
sustainable agroforestry practices across sub-Saharan Africa. This partnership
will enable TREES to provide necessary support and training to 15,000 farmers
in and around Lake Victoria Watershed in western Kenya to plant 87 million
trees, effectively creating 15,000 hectares of regenerative agroforestry land.
The restoration effort will generate 4.13 million Verified Carbon Units (VCUs)
and help farmers adapt to the impacts of climate.
Aspiration will provide a portion of the
profits from the sale of the VCUs back to TREES and the farmers involved in the
projects. In addition to the VCUs produced, farmers are restoring the health
and productivity of their land, improving soil health and increasing
biodiversity, dietary diversity and income. This project will help farmers
diversify the crops that they grow and sell from an average of two crops up to
an average of 24 crops.
“Part of our due diligence in assessing the
carbon project partners we work with is a shared commitment to the pressing
issue of deforestation and its impact on the environment, communities and
wildlife,” said Olivia Albrecht, CEO of Aspiration. “We are proud to partner
with Trees for the Future, a proven leader in promoting reforestation and
sustainable agriculture.”
Since its founding in 1989, TREES has planted
over 300 million trees with farming communities around the world. Through their
“Forest Garden Approach,” TREES teaches farmers to transform their land with
thousands of fast-growing, ecologically appropriate trees and dozens of other
crops, creating new possibilities for themselves and their communities. The
average Forest Garden in this project will be made up of 5,800 trees per
hectare, resulting in a total of 4.13 million metric tonnes of CO2 removed from
the atmosphere over 20 years.
“Partnerships like the one we’ve developed with
Aspiration are key to expanding our work to not only combat climate change, but
also improve the lives of farmers and communities in Kenya and beyond,”
according to Trees for the Future Executive Director Tim McLellan. “We’re
thrilled to partner with Aspiration and look forward to all the positive impact
this partnership will bring to bear.”
Aspiration holds one of the largest portfolios
of high-impact climate assets, with projects across the globe supporting
nature-based carbon removal solutions. Through a rigorous vetting process
backed by major independent carbon standards, the company carefully identifies,
verifies, monitors and reports on each project throughout its lifecycle. You
can learn more about Aspiration at https://www.aspiration.com/.
About Aspiration
Aspiration is a high-impact climate finance
company working at scale to help enterprises, consumers, and investors achieve
their climate goals. Founded in 2013, the company sources, monitors and invests
in carbon removal projects across the globe to generate high-quality carbon
credits. Every project in Aspiration’s portfolio is held to the most rigorous
standards, ensuring each drives tangible, positive impact for people and the
planet. Aspiration is a certified B Corp, a member of Project Drawdown, 1t.org,
Climate Pledge and many other critical industry groups dedicated to
accelerating climate action. For more information, visit Aspiration.com or Aspiration.com/business.
About Trees for the Future
Trees for the Future (TREES) trains farmers in
agroforestry and sustainable land use—so that they can build vibrant regional
economies, thriving food systems, and a healthier planet. TREES is a registered
nonprofit based in the US and working across sub-Saharan Africa. To date,
they’ve reached 41,000 farmers through the Forest Garden Approach. Visit
trees.org to learn more.
Media Contacts
Trees for the Future
Aspiration
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