TIST: Rising carbon price enables more rapid growth of TIST tree growing in Africa and India
Growth of TIST’s pro-poor tree growing activities in sub-Saharan Africa and India has been held back in the past by the low price paid in the informal carbon market for its “high quality” carbon credits. The greater recent awareness of the need to act to address climate change has led to a large increase in 2020 in the price paid to purchase TIST’s carbon credits. The resulting increase in resources has enabled TIST to adopt a more ambitious expansion plan aimed at substantial further increases in the currently 90,000 farmer beneficiaries and the currently 18 million trees grown.
With the spread of Covid-19 we face challenging times both in our home base in the UK and in our African countries of operation. The Board of Trustees and staff have already successfully transitioned to an on-line operational model to maintain our levels of engagement and support to our grantees, and will maintain full operations supporting disbursements and payments. Whilst we anticipate that we may be affected by periods of operational resource constraints, we are and will continue to be open for new grant opportunities. The situation will be reviewed regularly and any changes to our availability will be posted here.
Enterprise for Development’s work promoting socially and environmentally sustainable social enterprise, and providing hands-on support to establish and develop commercial-scale health and agribusinesses in sub-Saharan Africa will be more important than ever. We will strive to maximise our impact and value add by working with grantees to navigate the challenging times ahead. Wishing everyone safe and healthy passage.
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