Novaterra (Brazil) and Planet Alpha (US) Ink Agreement to Urgently Address Deforestation in the Amazon
The Amazon hosts one-third of Earth's rainforest and is home to Indigenous People and endangered flora and fauna. The companies are joining forces to urgently reverse the trending loss of forest now at an annual rate of 27% increase over 2016 involving 7,893 square kilometers of deforestation.
"Novaterra is pleased to join PAC as in-country partner to help plan and engage new areas as carbon sinking projects, in an ecosystem approach; our expectation is to help PAC to find new areas where local stakeholders are interested in more sustainable ways of using their land and this can mean a more carbon-efficient agriculture or a forest restoration program, " remarked Carlos Jamel, CEO, Novaterra. Novaterra is a Brazilian company operating since 2004, specializing in remote sensing for environmental and infrastructure projects.
The quest to reverse and slow deforestation is not new with efforts largely failing to halt deforestation in the Amazon that is now estimated to be 27% per year. "The goal of the effort underway is to provide direct high frequency GHG measurement infrastructure across project areas to verify forest carbon sequestration gain/loss. Further, without project and ecosystem boundaries, provided by Novaterra, GHG measurement and reduction claims are simply not valid," remarked Bruno D.V. Marino, CEO of PAC. PAC's philosophy is to engage and support communities who live in the forest to manage and protect flora and fauna with economic benefits.
The partners have selected initial projects including government and private protected areas and operationally organized farmlands. The protected areas offer the opportunity to measure carbon balance of native forest stands over the long-term (e.g., decades). The networks of farms – self organized as cooperatives and local associations or organized within a supply chain – offer different opportunities for intervention and carbon balance validation, ranging from landscape and water catchment environmental planning to best practices in agriculture and environmental compliance of farm products.
Besides Amazonia, the critically threatened Atlantic Rain Forest is one of the World's biodiversity hotspots. Originally this complex of ecosystems (forests, mangroves, sandbars vegetation and wetlands) covered a large portion of the Brazilian Atlantic Coast (1,315,460 km2) but remains today at only 12.5% of this area. The joint efforts will also aim to help forest and biodiversity recovery at this extensive and densely populated part of Brazil.
The projects may be developed with investment in PAC's Regulation A+ Tier II Offering (Series A Preferred Stock, $10/share, up to 5,000,000 shares, Circular and risks: http://bit.ly/
About Planet Alpha Corp. PAC is a for-profit carbon products company whose mission is to reduce emissions of CO2 and greenhouse gases by restoring nature. We differentiate ourselves from other carbon product companies by deploying carbon measurement infrastructure on forest lands to accurately measure carbon offsets for sale as carbon securities (https://planetalphaforest.earth/
About Novaterra. Novaterra (http://www.novaterrageo.com.br/)
Planet Alpha Corp., Bruno D.V. Marino CEO
Novaterra, Carlos Jamel, CEO