In late 2014, the foundation awarded a grant to Instituto Centro de Vida to establish a proof of concept for the feasibility and cost-effectiveness of verified deforestation-free beef production in the Brazilian state of Mato Grosso. In September, affirming that proof of concept, ICV announced that the Althelia Climate Fundhad invested 11.5 million Euros in Novo Campo, a sustainable cattle ranching initiative in the region. The investment supports the program's work to improve local ranches' economic, social and environmental performance, and represents a major milestone as the first international private investment in a program aiming at deforestation-free, sustainable beef production in Brazil.
Read an article in Impact Alpha about the project here.
Excerpt: " Brazil’s cattle industry has been targeted as a major contributor to deforestation and climate change. A project to restore the Amazon rainforest through new cattle ranching techniques aims to provide a counter-example..."
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