Regen Network: Launch of Terrasos Biodiversity Unit
Regen Network Development PBC
Building carbon market infrastructure on the Regen Network blockchain to help the world finance climate action
TERRASOS AND REGEN NETWORK SECURE HIGH-INTEGRITY BIODIVERSITY CONTRIBUTIONS
Bogotá, May 15, 2024 - As businesses and institutions search for trusted ways to go nature positive, a new class of ecological assets offers the opportunity to invest in verified and comprehensive ecological conservation and regeneration. Regen Network Development and Terrasos are excited to announce a partnership that brings the Terrasos Biodiversity Unit into nature markets.
Terrasos is kicking off this partnership by bringing 10,000 biodiversity credits to the Regen Marketplace. Verified by KPMG, each Terrasos Biodiversity Unit represents the long-term protection of 10 square meters of conserved or restored ecosystems in the El Globo Habitat Bank. The money collected from the sales of the voluntary biodiversity credits will be managed by a Trust which has a governance structure that includes the Interamerican Development Bank (IDB) and Terrasos, which ensures greater transparency in all transactions. Regen Marketplace runs on a public blockchain ledger that directly connects buyers and sellers with basic functionality to buy, sell, trade and retire credits and other environmental assets.??
Gregory Landua, CEO of Regen Network Development said, “We are excited to bring the Terrasos Biodiversity Unit to Regen Marketplace, which is designed to give high-integrity projects and credit developers access to a direct and disintermediated market. Terrasos’ long track record of developing institutional grade ecological assets and Regen Network’s ecological credit platform centered on transparency, traceability and community governance, makes this new partnership a cornerstone to rapidly scaling nature markets around verified ecological regeneration.”
Mariana Sarmiento, General Manager of Terrasos, commented that "the partnership with Regen Network will allow the Terrasos Biodiversity Units to have a tokenization mechanism, which will strengthen traceability throughout the value chain and ensure transparency. We have partnered with mission-aligned actors which include organizations committed to high integrity and transformational change that brings new business models for biodiversity conservation to life and create long-term nature positive outcomes.”?
The 'El Globo' project is the first Habitat Bank of Terrasos to conserve cloud forest. Contains remnants of native Andean forests, El Globo is strategically important as it provides a wide variety of ecosystem services including water regulation, carbon sequestration and nutrient cycling.?
The protocol through which the first voluntary biodiversity credits were issued seeks to stimulate projects that ensure the recovery of biodiversity and contribute significantly to meeting international goals, that adopt conservation measures based on areas of great ecological value, and that are managed based on financial, legal and technical guarantees.
To purchase: Click here for credit card (retirements only) and here for digital currencies.
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Virtual launch event May 15
As part of this partnership, Regen Network and Terrasos are holding an online event on Wednesday, May 15 from 3 to 4:30pm (Colombia time), where they will present the latest project dedicated to biodiversity conservation and the growth of natural markets. The event will feature Mariana Sarmiento, CEO of Terrasos, Gregory Landua, CEO of Regen Network Development, Simon Zadec, Co-CEO of Nature Finance, and Mauricio Serna, Co-Founder of El Globo.?
Panelists will discuss information on biodiversity units (and credits), why the Regen Network platform was selected for this innovative product, and the Biodiversity Credit Issuance protocol and methodology for projects that generate quantifiable biodiversity gains. If you wish to participate in this event, please confirm your attendance by clicking on the link.
About Terrasos
Terrasos is a Colombian company specializing in structuring and operating environmental investments. Their work focuses on four key areas: environmental compensation and investment, impact analysis, intervention strategy development, and knowledge management. They work under the principle that sustainable development requires a balance between economic, social, and environmental functionality in the territory.
The Habitat Banks mechanism is incorporated in several countries and has proven to make environmental compensation processes more efficient, facilitating compliance through development projects while enabling control and oversight by environmental authorities. This mechanism also provides Colombia with opportunities to create environmental public policy instruments that translate into rural development and natural resource protection.
In December 2016, the first Habitat Bank was implemented in the Meta department, in the Metica River sub-basin, initially conserving 600 hectares of strategic ecosystems. Today, Terrasos operates 11 Habitat Banks registered with the Ministry of Environment and Sustainable Development, located in Meta, Antioquia, Cesar, and Casanare, managing 4,890 hectares.
Contact: Giovanni Fonseca Duffó at [email protected] or +57 316 8346115.
About Regen Network?
Regen Network aligns economics with ecology to drive regenerative land management and ecological repair. Regen Network's platform originates high-quality, nature-based ecological credits for nature markets, catalyzing regenerative finance solutions for the climate crisis.
Contact: David Fortson, [email protected] or +1 805.450.2357