The Joro community has supported Pachama projects since 2020, including two in Madre de Dios, Peru, and one in Papua New Guinea.
Our demand for new projects, alongside that of other buyers, has resulted in both projects selling out of their carbon credit supply. As a result, the owners are able to command higher prices for their carbon credits in the next vintage (in some cases, as much as 33-50% higher), moving closer to true costs of carbon.
Furthermore, Pachama is commanding enough demand to originate new forestry projects themselves, expanding the supply of meaningful forestry projects. As the Joro community grows, we’re also able to have a stronger voice as a buyer in requesting more evidence of community engagement and benefits from these projects on an ongoing basis. We’re excited to continue to support protection and restoration of natural carbon sinks with Pachama.