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In Croatia the Naturevest project is taking place, where the cultivation of around 130,000 Paulownia trees over almost 200 hectares plays a role in climate change mitigation by sequestering about 6,500 tonnes of CO₂ annually.
Sowing sustainable seeds
Traditional forestry and industrial practices have been a source of ecological detriment, contributing to deforestation, greenhouse gas emissions, and biodiversity loss. The Naturevest project uses the potential of Paulownia trees to sequester significant amounts of CO₂ and yield valuable timber for use in bio-based buildings.
The project started in 2017, with the first plantation and has been scaling up ever since to approximately 200 hectares now in Croatia.
Paulownia's rapid growth
The Paulownia tree, known for its rapid growth, stands as a viable solution to timber shortages. Beyond its timber value, the trees act as a carbon sink, absorbing carbon dioxide and releasing oxygen at a higher rate than conventional forests.
Turning green actions into tradable carbon credits with Proba
Proba, transforms climate action into tangible assets through tradable carbon credits. In collaboration with Naturevest, Proba issues high-quality carbon credit and helps find co-financing from supply chain partners. Dealin.Green, in partnership with Naturevest, will oversee the trading and selling of carbon credits which will continue funding the plantation of Paulownia trees. This synergy increases the effect of each tree; converting carbon sequestration into a viable financial asset, while strengthening the global fight against climate change.
A blueprint for tomorrow
Naturevest, with the support of Proba's innovative platform, sets a precedent for environmental stewardship intertwined with economic viability. It's a testament to what can be achieved when ecological sustainability is merged with innovative financial mechanisms, offering a blueprint for similar initiatives worldwide.