Glossary

Heritage Sustainability Investments and ClimeCo Provide Capital to Restore the Earth Foundation

Heritage Sustainability Investments and ClimeCo Provide Capital to Restore the Earth Foundation

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FOR IMMEDIATE DISTRIBUTION
CONTACT
Heritage Environmental Services

6510 Telecom Drive, Suite 400
Indianapolis, IN  46278
www.heritage-enviro.com

Heritage Sustainability Investments and ClimeCo Provide Capital to Restore the Earth Foundation

July 15, 2021 (Indianapolis, IN) Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC, (collectively, Heritage), and ClimeCo joined together to provide capital to Restore the Earth Foundation, Inc. (Restore the Earth) to provide for the native trees and planting for the reforestation of 4,000 acres of the Pointe-aux-Chenes Wildlife Management Area in Louisiana.  The freshwater marsh area will be planted with native Bald Cypress seedlings. In addition to the sequestration of CO2, the project will reduce flood and storm risk to local communities by creating a first line of defense in the form of healthy forest ecosystems and restore fragmented wildlife habitats. The project is anticipated to create 800,000 Climate Action Reserve Forward Mitigation Units (FMUs).

Restore the Earth

“The benefits of reforestation projects like this reach far beyond the immediately impacted areas,” said Chad Peterson, President of Heritage Sustainability Investments. “The work Restore the Earth is doing not only benefits the environment, but also the people and businesses in southern Louisiana. Collaborating with ClimeCo on this project will help us make a lasting difference in the community and drive future GHG reduction.”


Restore the Earth pioneered the development of the Climate Action Reserve’s Climate Forward Reforestation methodology. The program provides a mechanism to quantify, verify and register FMUs, which represent emissions that are forecasted to be mitigated in the future, using rigorous and peer–reviewed carbon reduction project methodologies. FMUs will be marketed to voluntary buyers by ClimeCo to help fund future reforestation efforts in the basin. The program is designed to encourage companies and organizations to invest in projects that mitigate future greenhouse gas (GHG) emissions.

“Restoration of degraded lands is one of the most critical project types society can undertake to meet the challenge of climate change,” says Derek Six, Chief Business Officer for ClimeCo.  “Reforestation provides a clear and enduring GHG mitigation impact, and generations to come will enjoy the wide array of ecological benefits these projects create. ClimeCo is excited to be working with Restore the Earth and to continue to support their ambitious goals in the Mississippi River Delta.”


Ballard Spahr, a national law firm with more than 600 attorneys in 15 offices nationwide, served as counsel to ClimeCo for the project. Attorneys supported the formation and management of a special purpose LLC for the effort, prepared the transaction and financing documents, and advised on matters involving the carbon offset protocols and requirements for generating the FMUs.

Media Contacts:

Heritage
www.heritage-enviro.com
Attention: Ali Alavi – EVP, Regulatory Affairs & General Counsel
(877) 436-8778

ClimeCo
climeco.com

Attention: Nancy Marshall – VP, Marketing
(484) 415-7603
nmarshall@climeco.com

Restore the Earth Foundation
https://restoretheearth.org/

Attention: Taylor Marshall – Director of Sustainable Programs
(607) 342-7362
tam@restoretheearth.org

About Heritage

Heritage Sustainability Investments, LLC, is a subsidiary of The Heritage Group and affiliate of Heritage Environmental Services, LLC. We invest in companies where our deep knowledge and extensive resources in materials sciences and environmental sustainability can accelerate growth. We purchased a minority stake in ClimeCo in February 2021, combining Heritage’s leadership in holistic waste management and beneficial reuse with ClimeCo’s expertise in climate change policy, sustainability program development, and emission reduction project implementation to provide a unique, turnkey service offering to the market.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, and trader of environmental commodity market products. We specialize in regulated carbon, voluntary markets, plastic credits, sustainability, and project development and financing of GHG abatement and mitigation systems. For more information or to discuss how ClimeCo can drive your organization’s value, contact us at 484.415.0501, info@climeco.com, or through our website, climeco.com.

About Restore the Earth Foundation

Restore the Earth Foundation, Inc. is a 501(c)(3) not for profit with a mission of restoring the Earth’s essential forest and wetland ecosystems. Restore the Earth knows that it is possible to go beyond just protecting our environment—it is possible to restore it. And when you restore the environment at landscape scale, it creates incredible value for ecosystems, biodiversity, habitat, communities, business and the Earth.

 

The Need for Trees

The Need for Trees

The Need for Trees


by: Taylor Marshall, Director of Sustainable Programs, Restore the Earth Foundation | May 27, 2021

When we talk about all the ways to combat greenhouse gasses, one method that is gaining a lot of attention recently is reforestation.  Not only does reforestation help sequester future carbon, but it provides many additional benefits for surrounding communities that make reforestation a win/win type of project.  Planting trees adds vital nutrients to the soil, enabling other vegetation to thrive; they also create a habitat for animals to flourish in, protect waterways, prevent flooding, and create a healthier ecosystem.  It seems simple to plant trees, but in order to achieve the large scale and long-term permanence required to realize the greatest impact and value, it takes partnerships, a major funding investment, and resources to make it happen.


restore the earth foundation

Procuring Funding and Partners

So, we need trees, but how do we pay for them? How do we find partners who want to support a reforestation project?  This is where Restore the Earth Foundation, Inc. (REF) steps in.  REF is a not-for-profit organization with a mission to restore the Earth’s essential forest and wetland ecosystems. They work together with partners to bring solid solutions to deliver successful restoration projects that meet strategic environmental, social, and economic objectives.

Many people know that the United States Department of Agriculture’s (USDA) Natural Resource Conservation Service (NRCS) is on the ground in every region in the U.S., working with conservation partners. These partners consist of private industry, non-government organizations, Native tribes, state and local governments, soil and water conservation districts, and universities.  The Regional Conservation Partnership Program (RCPP) is a standalone program that offers $330 million yearly to support locally-driven partnerships that address climate change, improve water quality, combat drought, enhance soil health, support wildlife habitat, and protect agricultural viability in the United States.  Each year, only 85 projects are selected to receive this money.  In 2020, REF focused on applying to this program to pilot its private/public investment model to reforest 1 million acres in the Mississippi River Basin, the third-largest watershed on Earth.  We are pleased to announce that in April 2021, REF was awarded $7.4 million in grant money from RCPP.

“RCPP is a public-private partnership working at its best,” said Terry Cosby, Acting Chief for USDA’s NRCS.  “These new projects will harness the power of partnership to help bring about solutions to natural resource concerns across the country while supporting our efforts to combat the climate crisis.”

In addition to the grant, REF secured additional private investment partners to match and amplify the grant funding for a total of $19 million.  Their hard work to find funding and the right partners has paid off. Now, REF can support a unique pilot project that will extend permanent conservation easements to reforest and protect critical land.  This additional funding increases impact and provides measurable environmental, social, and economic outcomes.

Developing the Project

The funds secured will support restoring 5,000 acres of marginal land in a floodplain in Arkansas to its previous forested condition.  With this pilot project, REF and the NRCS will apply innovative approaches to the wetland reserve easement process to engage more landowners, focusing on overcoming historically underserved landowner participation barriers.  Conservation easements restore and protect land for future generations, while allowing landowners to retain private property rights, enabling them to live on and use their land at the same time. 

To accomplish this, REF will develop an easement template with NRCS to emphasize water quality and acknowledge carbon sequestration while amplifying wildlife and biodiversity benefits.  The project envisions accelerating the easement process and resources, providing more landowner participation to restore the land to the previous native forested condition.  NRCS will hold the easements to assure the integrity, permanence, and long-term benefits of the investment. 

The Benefits

As a result of this reforestation, NRCS will address climate change and achieve significant environmental, social, and economic co-benefits beyond their regular funding.  High-yielding croplands will not be taken out of production.

In addition to the restoration of the forest, the newly planted native trees will generate 1,000,000 mt (CO2e) of carbon emission reductions.  REF will recapture funds through revenues generated by ClimeCo, which will market the greenhouse gas reductions.  In addition to a payment for the easements and reforested land, participating landowners will receive a share of these revenues. The balance will be reinvested by REF into additional projects to scale the program.

“Through the USDA’s Regional Conservation Partnership Program, we’re excited to be engaging more of those interested landowners to ensure that wildlife, habitat, and communities are enhanced in a restored, healthy, self-sustaining system,” said PJ Marshall REF, Co-Founder and Executive Director.  “The restored ecological systems provide for public benefits that include erosion control, improved soil and water quality, wildlife habitat, groundwater recharge, flood reduction, and carbon sequestration.”

Arkansas has a substantial backlog of landowners interested in conservation easements; this project will help make a meaningful dent in the backlog.  Project partners have committed to purchasing carbon emission reductions in the form of Forecasted Mitigation Units (FMUs) or credits associated with project activities.  

We are excited about this project.  Both REF and ClimeCo believe that these large-scale, collaborative projects, focusing on regional water quality, carbon sequestration, and local impacts, provide a tangible path for achieving big-picture climate solutions.  These projects also go beyond environmental improvements to provide significant regional and local benefits through ground engagement.  

To learn more about this project or if you have an Arkansas Landowner interested in participating in this project, please contact Taylor Marshall, tam@restoretheearth.org.


About the Author

Taylor Marshall is the Director of Sustainable Programs at REF.  She has dedicated her professional life to identifying and promoting solutions and opportunities to address national and international environmental issues.  Taylor manages partner relationships, represents REF at local, national and international workshops, meetings and conferences.  She has been responsible for securing major grants and funding for REF and is the chief “in the mud” coordinator of all of REF’s corporate and community volunteer planting events. Taylor fills a key role in coordinating with all REF’s partners in implementing strategic communications, outreach and educational plans related to all projects. 

Prior to joining Restore the Earth, Taylor was with The Water Institute of the Gulf in Baton Rouge, Louisiana, where she applied her expertise in integrated water resource management to develop and promote community-based approaches to protecting and restoring the Gulf coast communities from storm risk and land loss and enhancing community resilience.

Taylor has a Masters of Science from McGill University in BioResource Engineering with a concentration in Integrated Water Resource Management (IWRM).

ClimeCo Enters Strategic Partnership with Restore the Earth Foundation

ClimeCo Enters Strategic Partnership with Restore the Earth Foundation

PRESS RELEASE FOR IMMEDIATE DISTRIBUTION
FOR QUESTIONS CONTACT
Nancy Fuchs Marshall, Corporate Marketing Director
nmarshall@climeco.com or 484.415.7603

ClimeCo Enters Strategic Partnership with Restore the Earth Foundation


 

April 7th, 2020 (Boyertown, PA) – ClimeCo, a leader in the development and management of environmental commodities, is pleased to announce the formation of a strategic partnership with Restore the Earth Foundation, Inc. (Restore the Earth), a 501(c)(3) not-for-profit organization whose mission is to advance landscape-scale reforestation in the Mississippi River Basin, “North America’s Amazon.”  Born out of disaster from Hurricanes Katrina and Rita, Restore the Earth has secured funding to reforest over 60,000 acres along the Gulf Coast. Their present focus is restoring a million acres in the Basin, the most ecologically degraded area in the US.

“We are confident that with ClimeCo as a partner, we will assure the successful completion of this critical reforestation,” stated PJ Marshall, Founder & Executive Director of Restore the Earth.  “Once completed, 100 million trees will be planted, 200,000,000 MT of CO2e will be sequestered and over $12 billion in economic value will be generated.  Restoration at this landscape-scale ensures that biodiversity, habitats, and communities are enhanced and supported in self-sustaining systems.”

To help fund this initiative, Restore the Earth pioneered the development of the Climate Action Reserve’s Climate Forward Reforestation methodology.  The Climate Forward program is designed to accelerate action on climate change by encouraging companies and organizations to proactively invest today in projects that mitigate future greenhouse gas (GHG) emissions.  Restore the Earth’s initial project will reforest more than 5,000 acres of the historic bald cypress forest at the Pointe-aux-Chenes Wildlife Management Area in Terrebonne Parish, Louisiana, which is anticipated to sequester more than 1,000,000 tonnes of carbon dioxide equivalent.  The Climate Forward program provides a mechanism for Restore the Earth to quantify, verify, and register forecasted mitigation units (FMUs), which ClimeCo will market to voluntary buyers to help fund future reforestation efforts in the Basin.

“We are so excited to launch this partnership with Restore the Earth on what I view as the most significant reforestation program in North America, if not globally,” says William Flederbach, President of ClimeCo.  “The reforestation of North America’s Amazon is so critical to combatting climate change and provides so many additional environmental and social benefits to the region and nation.  Using the Climate Action Reserve’s Climate Forward Program is not only the best way to promote well-needed investments but is the perfect environmental instrument to align future reductions with an organization’s projected emissions.”

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com or through our website www.climeco.com.

       *The area in blue is the Lower Mississippi River Basin where our work to restore 1M acres is focused

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in California cap‐and‐trade, voluntary markets and project development, and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, nmarshall@climeco.com or dpingitore@climeco.com.