Terraformation, a global reforestation company, has launched the Seed to Carbon Forest Accelerator, the first biodiversity-focused, carbon-funded forest accelerator program. In the next decade, the world will need thousands of new reforestation teams to capture carbon at scale and limit the impacts of climate change. The forest accelerator will help meet this need by providing teams with the tools to launch restoration projects and succeed at scale.
These include early-stage financing, training in resilient native ecosystem restoration, and tools to increase project transparency. This wraparound platform to launch emerging forestry teams is unique and brings much-needed support to expand the supply of forest carbon.
What is the forest accelerator program?
The carbon buyers and companies who provide early financing to accelerator cohorts lock in access to the premium-quality carbon credits the projects generate. By providing this financing, buyers secure access to a portfolio of verified carbon credits from geographically diverse projects selected by the company’s carbon science team. Terraformation is looking to connect with finance partners to launch a new accelerator cohort early next year.
The accelerator program is a direct response to the largest bottlenecks to mass-scale restoration: in a recent Terraformation survey of 230 forestry organizations around the globe, 95% of respondents said funding was their biggest concern.
The accelerator builds on Terraformation’s successful pilot restoration projects. Since the company began its global programs in 2020, it has successfully launched 16 restoration projects across 11 countries and created more than 400 new sustainable jobs.
What were the executives’ thoughts on the accelerator?
Yishan Wong, founder and CEO of Terraformation, said, “The planet needs to rapidly scale reforestation efforts. And more investors than ever are looking for opportunities in carbon capture. But there hasn’t been a clear vehicle providing access to high-quality carbon credits.”
“Communities around the world are launching vital restoration efforts, but lack the funding, training and technology they need to scale. Our accelerator will rapidly expand the number of high-quality forest restoration projects and increase the planet’s capacity for carbon capture.”
Commenting on the initiative, María José Iturralde, co-founder of Humans for Abundance, a Terraformation restoration partner, said: “Funding can turn land management around by supporting sustainable business models that replace deforestation for profit. Startup capital creates opportunities for training, education and infrastructure that allows communities to sustainably restore ecosystems and commercialize their new products in a new way.”
How can you take part?
Participating in the Seed to Carbon Forest Accelerator is free and open to all forestry teams that prioritize biodiversity and benefits to local communities. Interested forestry teams are invited to apply to the accelerator before November 27, 2022. Read more and apply here.
Selected teams will receive a feasibility study to assess carbon project viability on their land, as well as access to expert training in seed collection and banking, biodiverse forest restoration, sustainable business models, marketing and finance. Teams will also receive access to carbon buyers, as well as to new, state-of-the-art project tracking software to streamline monitoring, reporting and verification of project progress, and more.
Terraformation will encourage teams to promote women’s leadership, offer community education and create sustainable, local economic impact. Forestry teams selected to participate in the first cohort will be announced in early 2023. Carbon buyers and companies interested in funding accelerator, biodiverse, verified carbon credits can learn more here.