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Development of value chains: Engie and Axa commit to sustainable forestry projects

17/02/2022
Categories: Companies

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Modern-day Robin Hoods work on north-south transfers. The Shared Wood Company (SWC) is the name of this new investment company dedicated to sustainable forestry projects founded by three giants, two of whom are trained forest engineers.

The three partners have built an economic model based on their long experience in the forestry sector and carbon markets. The vocation is both to conserve and enhance the forest and to develop new agricultural sectors on degraded plots around coffee and cocoa in particular, which will generate carbon credits. These agroforestry valuations are complex to set up because they cover large areas, concessions of an average of 200,000 hectares.

Shared Wood plans to commit $500 million to around ten projects by 2028, counting on 40 million certified carbon credits, which will be purchased mainly by Engie and Axa. The two shareholders will also participate in the financing of projects. This voluntary market is estimated to reach $30 billion by 2030.

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