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## INDIA AFFORESTATION, REFORESTATION, AND REVEGETATION

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### NATURE-BASED SOLUTIONS

###### Base Carbon has entered into an agreement with Value Network Ventures Advisory Services Pte Ltd. (“VNV”) to facilitate the development of a nature-based carbon removal project, focused on the reforestation of degraded rural farmlands in the northern Indian state of Uttar Pradesh.

India ARR Updated Web Video April'24.mp4

- Founded in 2007, VNV’s community-led programs on climate action have covered over 7 million rural households and encompass over 3 million hectares of forestry, agriculture & conservation efforts in 16+ countries.
- In collaboration with local organizations, project partner VNV anticipates the planting of approximately 16 different species, selected through an inclusive community-led iterative process. The planting will include a variety of native and naturalized tree species, such as Citrus and Guava, as well as medicinal and culturally significant trees, such as Mahua trees.
- The trees are expected to be planted primarily on smallholder lands of five hectares or less. The native and naturalized species of trees planted will sequester carbon from the atmosphere as they grow. In addition, as part of the project’s equitable benefit sharing mechanism, certain species of fruit and nut trees will be planted, providing income diversification and incremental revenue generating activities for those individuals and communities. The income-generating species planted will remain the property of the farm-owners in an evergreen manner.
- This project has been designed around the needs of local farming communities, with a high-level of stakeholder engagement, ownership, input, and feedback. Agroforestry projects are an essential strategy for smallholder farmers in India, to improve their long-term income generation and diversification, as well as building climate change resilience.

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### About Our Project Partner

###### Founded in 2007, VNV has been at the forefront of the movement against climate change by conceptualizing, developing, and executing community-driven initiatives in the South Asian, Southeast Asian & African landscapes. These community-led programs have impacted over 7 million rural households and cover over 3 million hectares under land use and forestry, among other mitigation and adaptation nature-based solutions which aim to restore ownership, dignity, improve livelihoods and foster resilience of first responding communities in least developed and developing nations of the Global South. 

###### VNV, also known as Value Network Ventures, believes in the power of convergence of multiple stakeholders including, but not limited to, the private sector, public sector, research institutions and collaboratives to create collective and thus significant impact. In this endeavor VNV engages businesses in achieving net neutrality targets while addressing issues of social responsibility and environmental sustainability along their supply chain through the implementation of such climate action projects in line with the Paris Agreement, Sustainable Development Goals as well as the Global Biodiversity Framework.

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India ARR