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2024 KCP Application
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AGUA TICA/FUNDECOR
Org Type
Nonprofit
Year Founded
2018
Project
Company
Financials
Primary Project Category:
Secondary Project Category:
Carbon Sinks (Natural & Engineered)
Energy
Finance
Social & Cultural Pathways
Transport and Mobility
Project Summary / Description:
The water restoration project is funded by INTEL and implemented by Fundecor as technical secretary of Agua Tica, in order to neutralize its water footprint and in turn return the water from its production through a scheme of recognition of payment for ecosystem services in order to recognize the owners of farms in water recharge areas and mature forests that fix carbon and maintain biodiversity and that this has a positive impact on the environment, society and the economy.
Regions of Operations:
Southeast Asia
South Asia
East Asia
Central Asia
Middle East
North America
South America
Eastern Europe
Western Europe
East Africa
North Africa
Southern Africa
Central Africa
Oceania
Caribbean
Other Countries
How Project Affects Greenhouse Gas (GHG) Emissions:
Removes/stores GHGs (e.g., projects that capture, sequester, or otherwise enhance the "sinks" that accumulate and store GHGs)
Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):
Impact on Underrepresented Groups:
This project is essential because it is a multi-stakeholder project that also involves the owners of the farms directly, and allows them to see that their protection actions have a local and global impact by contributing directly to the ecosystem services that their properties provide, this allows not only to give value to these services but also to the forest as a source of goods and services. These forest owners and the surrounding communities will never see the forest with the same eyes again, but their perspective will change and they will give it the value and place that these areas deserve in the generation of social, environmental and economic impact.
Sub-Categories:
Renewables
Nature-based
Agriculture
Methane
Plastics
Built Environment
Energy Efficiency
Restoration
Biodiversity
Energy storage
Rural
Urban
Circular Economy
Oceans
Forests
Waste
Carbon Removal
Electric Transportation
Cooling Solutions
Technology
Advocacy
Biomass
Conservation
Clean Cooking
Environmental justice
Research or Economic Modeling
Measurement, Reporting & Validation
Communications
Website:
http://www.aguatica.org
Mission Statement:
AGUA TICA is a private-public and civil society initiative with the main objetive, which is to establish a financial mechanism that protect and provide water security in quality and quantity to the population of the Costa Rica´s central valley landscape in the sub-basins of the Grande and Virilla Rivers, which are part of the R o Grande de T rcoles watershed, where an estimated 1,173,820 direct beneficiaries and 2 300 000 indirect beneficiaries in total (52 % of the population of 33 cantons) that will be accomplish implementing a robust investment portfolio, using the lasted technology like the Water Proof software that provides information to identify the idoneal area to set up the implementation activities and maximize the return of the investment (ROI) in an environmental, social and economic matter.
Link: Facebook:
https://www.facebook.com/aguaticacr/
Link: Twitter:
https://twitter.com/agua_tica
Link: Instagram:
https://www.instagram.com/aguaticacr.oficial/
Link: LinkedIn:
https://www.linkedin.com/company/aguaticacr/?viewAsMember=true
