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FCF India & Asvata Climate Solutions partner to spearhead climate action with smallholder farmers in Assam & Meghalaya
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Thursday, 31 October, 2024, 14 : 00 PM [IST]
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Our Bureau, New Delhi
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FCF India has announced a strategic pre-financing partnership with Asvata, a company under the RPG Group, to support the Rangsang Carbon Project, ‘Restoration of Homestead Lands of Poor Rural Communities in Assam and Meghalaya’.
The Carbon Project, developed by FCF India and implemented by Rangsang, will eventually span over 8,860 hectares across the states of Assam and Meghalaya. This collaboration marks a significant step forward in aligning climate finance with climate action, focusing on ecosystem restoration, improved livelihoods, and emissions reduction.
The Carbon Project, registered with Verra, is designed to ensure not only a removal in carbon emissions through the ARR project but it also ensures improvement in Food Nutrition Security and livelihood opportunities of more than 15,000 farmers. The initiative will benefit local communities through the plantation of indigenous tree species and improving the ecosystem of the region. Asvata's involvement is instrumental in bridging the financial gap to scale up the Rangsang Carbon Project.
Jasmeet Singh, founder and director, FCF India, said, “Partnering with Asvata reaffirms the potential of Nature-Based Solutions (NBS) to scale through a business model supported by commercial capital. This collaboration highlights our belief that sustainable solutions can deliver both environmental impact and financial returns, proving NBS as a viable approach to tackling climate challenges.”
Navin Mathur, chief operating officer, Asvata, said, “Our investment and partnership in the Rangsang Project reflect our broader strategy of supporting sustainability initiatives that drive long-term value for both the environment and society. Through this partnership, we will play a pivotal role in the implementation of key project milestones, helping to create measurable climate impact. We are proud to be part of this project and are committed to creating a green and resilient future.”
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