Permian Global commits to protect and restore 20 million acres of natural forest across the tropics in collaboration with its local partners. They will invest in and manage a portfolio of long-term forest projects through joint-venture partnerships with governments in order to maximize carbon storage and sequestration while generating substantial social, environmental, and economic co-benefits. Permian Global adheres strictly to a policy that forbids commercial logging; revenues will be generated from payments for performance.
Projects are identified in collaboration with local partners and are subject to a rigorous screening process. The long-term forest projects are managed through joint-venture partnerships with governments.
With a global network, PG facilitates sharing experience across continents and ensures that evidence based methodology is normal practice. Projects will be developed in South America, Africa, and Asia and managed locally.
11/01/2014: Launch Luxembourg Fund and ready to accept initial funding from external investors
01/01/2015: Secure three projects covering at least 1 million acres of tropical forest, creating at least 300 jobs and reaching 50 schools. All project areas to be secured and monitoring/evaluation to be commenced.
04/01/2015: Secured five projects covering at least 3 million acres of tropical forest, creating at least 1,000 jobs, and reaching at least 100 schools.
10/01/2015: Secured 10 projects of at least 6 million acres, creating at least 2,000 jobs, and reaching at least 200 schools.
10/01/2016: Secured 20 projects of at least 12 million acres, creating at least 4,000 jobs, and reaching at least 400 schools.
10/01/2017: Secured 30 projects of at least 20 million acres, creating at least 6,000 jobs, and reaching at least 600 schools.
Concentrations of CO2 in the atmosphere are at their highest level in 3 million years and continue to rise, affecting the climate. However, forest recovery could enable a solution to climate problems because greenhouse gas emissions caused by deforestation and forest degradation have been seriously underestimated. Tropical forest protection and recovery is the most cost-effective way to achieve climate mitigation at scale and speed, by reducing emissions and increasing the earth's capacity to sequester CO2, in the process reducing the risk of even more severe global warming.
Permian Global is an investment business pioneering climate mitigation through forest protection and recovery. Permian Global comprises a team of highly experienced asset managers, environmental conservationists, ecologists, and marketers who have established, over a period of many years, a strong network of implementation partners, usually leading local conservation NGOs, and good relationships with local governments.
The firm's partners are vital as they help to provide the capacity and competence to manage such large areas, have close links to local communities whose support for the projects is crucial, and reduce political and operational risk. From a climate mitigation viewpoint, a non-extractive approach to forests is particularly valuable because there is no anthropogenic disturbance, in contrast to alternative forest management regimes. Additional co-benefits include the provision of local employment, support for achieving local development goals, biodiversity conservation, and the establishment of educational outreach programs.
Permian Global is seeking financial commitments from investors to enable the organization to acquire and develop their pipeline of carefully selected projects.
Expertise in forest conservation management. Advancing the awareness of forest degradation and playing a leading role in developing the payment for performance markets for REDD. Informing the investment community about climate change and the importance of this as an emerging asset class as well as demonstrating that tropical forest conservation is the least expensive method for climate change mitigation.