This World Environment Day, Gaia The Earth Foundation announces the launch of the Mission Prakriti Carbon Offset Program for Corporations. This carbon offset program is anchored in regenerative social forestry that adopts a holistic, social and indigenous approach to rapid afforestation.
One carbon offset symbolizes the reduction of one metric ton of carbon dioxide (27′ x 27′ x 27′ CO2 Cubes) or its equivalent in other greenhouse gases. The global Voluntary Carbon Offsets market size for 2020 was about $250 million and is projected to reach $515 million by 2027.
Owing to the numerous social and environmental benefits, Afforestation and Reforestation(A/R) offset transactions are the most popular Voluntary Carbon Market (VCM) offsets among Corporations eying net-zero carbon commitments.
Mission Prakriti Carbon Offsetting Program uniquely presents a multitude of benefits to participating companies. They get to not only offset their carbon but also engage in improving the livelihoods and social wellbeing of the underprivileged communities, thereby amplifying their social return on investment (SROI).
Carbon sequestration through afforestation is the long-term removal and capture of carbon dioxide from the atmosphere to slow or reverse atmospheric CO2 pollution and to mitigate global warming. Forests and Trees act as carbon sinks that absorb carbon. Over and above carbon sequestration, regenerative social forestry has a holistic social and environmental impact that spans restoration of ecological balance, regeneration and conservation of biodiversity, social heritage protection and livelihood creation for those most impacted by climate change.