biodiversity project

El Globo Cloud Forest Habitat Bank

Developer

Terrasos

Location

Colombia

Area size

345 ha

Project duration

30 years

Credit name

Terrasos - Voluntary Biodiversity Credit

$ 40.00 USD

One unit represents protection of 10 m2 land for 30 years.
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PROJECT INFORMATION

El Globo Cloud Forest Habitat Bank

The first Habitat Bank to conserve the Cloud Forest in Colombia is located in the Cuchilla Jardín-Támesis Integrated Management District (DMI). Known as thewater star of southwestern Antioquia, this area is within the ecosystems prioritized as being of high interest for conservation in Antioquia.

This conservation initiative has an extension of 345 hectares and is inside  El Globo Natural Reserve, which has one of the few remnants ofNative High Andean Forest ecosystem that are still preserved in the region.

The ecosystems within El Globo Habitat Bank are very important for wildlife because they provide connectivity between different habitat areas and promote the ecosystemic balance necessary for the subsistence of many species in a number of taxonomic groups.

The High Andean Forest ecosystem areas inside El Globo Habitat Bank are strategic for regional development as they provide important ecosystem services related to water regulation, carbon sequestration and nutrient cycling. On the other hand, these areas of forest are also presented as an exceptional place to neutralize the impact of habitat loss and fragmentation on biodiversity; since their extension makes possible biological processes that are fundamental for the preservation of many species.

With the implementation of this Habitat Bank, for a period of 30 years,will conserve 304.08 hectares of forests,will enrich 27.1 hectares of secondary vegetation and will restore 14.29 hectaresof shrublands and grasslands in a High Andean Forest ecosystem, which, despite having good representation in RUNAP, is highly fragmented throughout the national territory.

Ecosystem

Native High Andean Forest ecosystem T1.1Tropical/Subtropical lowland rainforests

MRV

n/a

Ledger

On-chain

Off-chain

BOOSTERRA'S MONITORING

Geospatial Intelligence

REPORTING

SDGs

6. Clean Water and Sanitation

8. Decent Work and Economic Growth

12. Responsible Consumption and Production

13. Climate Action

15. Life on Land

17. Partnerships for the Goals

REPORTING

GBF Targets

3: Conservation

4: Extinction

22: Solutions / Inclusion

1: Managing strategic areas

2: Restoration, 8: Climate change

REPORTING

Ecosystem Services

Genetic material

Global climate regulation

Rainfall pattern regulation

Water flow regulation

Water supply

Water purification

REPORTING

Species

No items found.

According to secondary information and the baseline characterization completed, in this Habitat Bank we are protecting  many species such as: more than 290 species of birds, 8 amphibians, 24 reptiles, 12 bony fish, 29 butterflies and 76 species of mammals.This wealth is a reflection of the area´s potential for conservation, research, birdwatching and environmental education..

Some relevant records are the yellow-eared parrot (Ognorhynchus icterotis) and the crested eagle (Spizaetus isidori), two bird species that are in the “Endangered” category, and the spectacled bear (Tremarctos ornatus) which according to the IUCN red list is "vulnerable”; conservation status.

During the baseline characterization, 156 botanical collections, from which the following were recorded:

🌿 Three (3) species where only their type specimens were known, that is, the specimen with which the description was made.

🌿 71 endemic species, 29 species listed in Appendix II of CITES and 20 species on the IUCN red list.

🌿 Two (2) new possible species for science of the generaMeriania (Melastomataceae) and Magnolia(Magnoliaceae).

🌿 The species Habenaria repens (Orchidaceae), previously reported only for the departments of Cundinamarca and Magdalena, is reported for the first time in Antioquia.

Find more information about the list of species here.

Developer

Terrasos is a company specialized in the structuring and operation of environmental investments. Their work is focused in four main areas: offset and environmental investments, impact analysis, development of the intervention strategies and data management.

Registry
Project name
Banco de Hábitat Bosque de Niebla - El Globo
Issued credits
62063
Retired credits
386
Credit start
2022
Credit end
2052
Ledger
Blockchain
Project stage
Monitoring and follow-up
Methodology
Protocol for issuing Voluntary Biodiversity Credits – Version 3.0
Registry link
Link
Verifier
KPMG CC&S
Verifier
Faq section

Frequently asked questions.

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What are biodiversity credits?

Biodiversity credits represent a standardized unit of positive biodiversity outcomes. They provide a tangible measure of the positive impact a company can make on nature through biodiversity conservation and restoration.

Are these for offsetting?

No, "voluntary biodiversity credits" are distinct from biodiversity offsets. While offsetting is a regulated practice, voluntary biodiversity credits focus on achieving nature-positive impacts beyond mere compensation. They offer an immediate way to enhance a company's impact profile and contribute positively to stakeholders. Biodiversity is highly complex and local, cannot be simply compensated. Therefore to stop and reverse nature loss urgently, companies need to take nature-positive immediate action.

Can the projects also contribute to climate action?

Absolutely. Although biodiversity credits usually don't directly quantify CO2 equivalent units, the restoration and conservation efforts they support act as natural safeguards against climate change. These projects provide dual benefits by positively influencing both nature and climate.

How can my company benefit?

Your company can benefit by demonstrating a commitment to nature-positive actions, enhancing its sustainability profile, and fostering positive stakeholder relationships. Biodiversity credits also offer a practical way to better align your business with environmental, social, and governance (ESG) goals. Integrating nature-positive impact in your business opens the door for product and service innovation, higher employee engagement, and help your business grow roots into the future of sustainable economy.

Why choose Boosterra?

Boosterra specializes in providing high-integrity biocredits ready for business use and ESG reporting. As an independent platform, we empower companies to choose the most suitable portfolio for their nature targets. We offer guidance on best practices to seamlessly embed impact into business operations and enable effective communication with stakeholders.

What happens after purchase?

After purchase, you will receive an impact certificate via email along with a data sheet for reporting purposes. We also value your feedback as it helps us continually improve our services.

Can I get more help?

Absolutely. We offer assistance in aligning your company's strategy with nature-positive impact, integrating biodiversity credits into your business model, and providing support for nature related reporting. Contact us now!