Blog IICA

Chocolate Island — Cocoa, Carbon and Community

Start Date: 10/11/2022
End Date: N/A

Description

The project drives Trinidad and Tobago's cacao and chocolate industry toward a post-pandemic, ESG-aligned productive model through an innovative approach that integrates the cacao value chain with carbon capture mechanisms and community development, packaged together in an impact investment offer called "Cacao, Carbon and Community." The initiative seeks to attract impact investors by delivering simultaneous returns across three dimensions: financial, through the commercialization of fine cacao and single-origin chocolate; environmental, by valorizing ecosystem services and carbon credits generated by cacao agroforestry systems; and social, by strengthening local farming communities and improving their livelihoods. In doing so, the project positions Trinidad and Tobago as a destination for sustainable investment in the Caribbean agrifood sector, leveraging the country's historic reputation in fine flavor cacao production to build a differentiated and regionally replicable value proposition.

Action scope

National

Evaluated

Si

Stage

Implementation- Ongoing

Temporalidad

Medium-term

Number of Years

N/A

Related elements

Budget in USD

Budget in USD
$949,800.00
Counterpart Budget
$490,800.00
Total Budget
$1,440,600.00
Annual Average Budget
$288,120.00

Institutions

Institutions Institutions rols
BID: Banco Interamericano de Desarrollo Financing-investor
Execution and operation

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