Danone: Market for Wet Carbon
29 September 2009 | News story
The partnership between IUCN, Ramsar and the Danone Group is underway. The aim: to leverage carbon markets for the benefit of wetland ecosystems and communities
In 2008, Danone, IUCN and Ramsar formed a partnership to act in tandem with nature to fight climate change, biodiversity loss and poverty. Danone is a global leader in fresh dairy products and bottled water. The partnership specifically is exploring the means for Danone to offset the carbon emissions of some of its brands, primarily Evian, by preserving and restoring wetlands. It is also enabling the Ramsar Convention to promote the environmental contribution made by wetlands in the fight against climate change, whilst allowing the IUCN to help preserve and increase biodiversity. Importantly, the partnership is intended to benefit local populations, who will be offered the opportunity to become involved with conservation, sustainable management and ecosystem rebuilding operations.
By taking an integrated approach to wetland restoration and conservation, social-economic impacts and carbon storage and sequestration, the partnership is developing the foundation for a new class of environmental investments – wet carbon. In 2009, the pilot phase of the partnership was launched with a demonstration project on mangrove planting in Senegal and the development of a set of guidance documents for the design and financing of wet carbon projects. By the end of the year, a second demonstration project should be underway and a set of draft wet carbon guidelines including a provisional standard will be publicly available. On this basis, the partners plan to develop a robust carbon offset methodology linking climate change and the preservation of wetland ecosystems and to mobilize investment in a large portfolio of wet carbon projects over the coming years.