Blog IICA

NFTrees for conservation

Fecha de inicio: 14/12/2022
Fecha de fin: 14/12/2025

Description

The project seeks to expand the NFTrees digital system of the "Zero Carbon" Program to deliver monetary incentives for conservation and forest restoration to various landowners in the Andean Chocó Biosphere Reserve through an "offline-to-online" interface that facilitates the transition of rural communities to digital governance of Decentralized Autonomous Organizations (DAOs). The initiative incorporates the value of biodiversity into carbon footprint compensation, becoming the first model in Ecuador with a comprehensive approach that combines biodiversity with a digital carbon trading system. The project uses blockchain technology and Regen Network's community participation model to ensure direct benefits to forest owners and greater transparency.

Action scope

Subnational

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Medium-term

Number of Years

3 - Year -s

Budget in USD

Budget in USD
$700,000.00
Counterpart Budget
$350,000.00
Total Budget
$1,050,000.00
Annual Average Budget
$350,000.00

Institutions

Institutions Institutions rols
Financing-investor
Fundación Futuro
Fundación Futuro
Universidad de Las Américas (UDLA)
Regen Network

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