The first project to be announced by the Green Climate Fund will be based in Datem del Marañón Province, Peru.
The science case for the proposal rests in part on our recent paper, Draper et al. (2014), published in the open-access journal Environmental Research Letters. This work stemmed from the PhD research of Freddie Draper, who recently passed his viva. He was supervised by Katy Roucoux, Ian Lawson and Tim Baker (Leeds).
Our paper presented a spatially-explicit model of above- and below-ground carbon storage in the Pastaza-Marañón Foreland Basin, including – for the first time – the western part of the basin including Datem del Marañón. Our work made it clear that the province holds substantial peat deposits.
The UN-backed Green Climate Fund offers an exciting model for carbon-based conservation projects that explicitly aim to generate positive social justice and economic development outcomes. This first project involves initial funding of USD 9.11M.