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Tesla Carbon Bank and Tesla Climate Capital announced today a new partnership with World Indigenous Network Corporation (WIN) to support its exclusive voluntary carbon credit program. This platform provides the world’s Indigenous Peoples the ability to generate much needed revenues from the lands they own, while practicing conservation. This program is also available to all private landowners.
Participating landowners can now work directly with the United Nations Group that determines what are carbon credits in the voluntary market--a market not requiring government sanctioning or oversight (giving landowners complete freedom to make a deal with whomever they choose). It also allows for greater flexibility since the landowners do not face exhausting, ever-changing bureaucratic hoops erected to access compliance credits (enabling them to sidestep the huge red tape costs associated with the market). As well, there is no requirement for landowners to lock up lands for 100 years as in the California Air Resources Board program. Even though landowners may sign ten-year deal with WIN, they can remove lands that they intend to develop at the end of each year and lands will be reassessed yearly to exclude those lands.
The opportunity to generate revenue from conservation practices of millennia is ever more pressing given that Indigenous people make up just six percent of the world's population, yet represent fifteen percent of the world's extreme poor.
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