Permian Global develops large-scale tropical forest protection and restoration projects. These are designed to be integrated into the communities surrounding the forest in a way that generates local sustainable economic opportunities, to incentivize protection instead of conversion or exploitation.
To establish a forest project, we conduct extensive research, due diligence and negotiation to ensure the project meets all legal, political and social requirements to guarantee the long-term success of the conservation and restoration activities.
Each project must also be verified against the highest third-party forest carbon standards. This includes:
A) Providing evidence to show that without the project activity, the forest would have been a risk of deforestation or forest degradation (additionality)
B) Demonstrate that the project activity has not resulted in pushing the deforestation activity and emissions to another vulnerable location (avoided leakage)
C) Providing evidence to show that the project work and the avoided emissions will not be reversed (permanent)
It is one thing for us to claim the work we are doing is having a positive impact, but it is more credible to be open to full scrutiny, by being assessed by independent experts and measured against third-party standards.
Our work funded through the generation and sale of verified emissions reductions (VERs) – these are the quantifiable emissions that would have been released into the atmosphere had deforestation and forest degradation been allowed to happen. What this means is that for a company that is working to cut its carbon emissions, it can purchase VERs to compensate for those emissions that it is currently unable to eliminate.
“Natural ecosystems can play a vital role in combatting climate change by removing the excess carbon dioxide in the Earth’s atmosphere. With more biodiversity, ecosystems work more efficiently and so are critical for the survival of humanity and our world,”
– Jerry Bertrand, Environmental Advisor, Permian Global.
The tropics sit along the central band around the Earth close to the Equator. They are roughly bound by the two lines of latitude, the Tropic of Cancer (Northern Hemisphere) and the Tropic of Capricorn (Southern Hemisphere) and contain approximately 36 percent of the world’s landmass, including large parts of Central and Southern America, Sub-Saharan Africa and Southeast Asia.
This region receives the most amount of annual sunlight and its seasonal variations are generally limited to wet and dry seasons. Such climatic conditions have created diverse tropical ecosystems, including rainforests, seasonal forests, dry forests, deserts and mountainous areas. Where the conditions are right, particularly in the vast rainforests and seasonal forests, life has flourished, with some of the highest levels of biodiversity anywhere on Earth.
Tropical rainforests play a vitally important role within the planetary systems that sustain life on Earth, yet they are under serious threat of deforestation and degradation due to a complex list of factors.
It is Permian Global’s mission to protect as of these biodiverse, carbon-rich landscapes as possible.
Permian Global manages projects either directly or through partnerships with NGOs, government institutions or private sector companies, which have an established long-term presence in the relevant country or region. Partners are experienced in conservation management and their interests are closely aligned with Permian Global’s vision and values.
Permian Global project management approach has been designed to minimize project risk while maximizing carbon, social and environmental returns. Permian Global works closely with its local implementation partners and ensures that projects are run in line with its overall strategy, to produce clear reductions in emissions, which are real, additional, permanent and verifiable.
Permian Global targets a range of project types that can be segmented by environmental impact (avoided deforestation, avoided forest degradation and enhanced forest regeneration) and specific threats (sanctioned large-scale conversion, commercial forest management, small-scale unsanctioned conversion, unsanctioned resource extraction and natural threats), which will inform interventions that a project will aim to manage.