Green Balam joins OFP to manage 500 hectares of Guatemalan forest cover
Green Balam is a conservation company in the Maya Jungle of Guatemala. Formed in 2019, the firm engages in assisted natural regeneration to improve ecosystem sustainably and, in the process, markets forest restoration as a viable alternative to agribusiness — the greatest source of agriculture-induced deforestation in the country.
Our goal is to make conservation and restoration more attractive financially than agribusinesses so that deforestation due to agriculture can stop and be reverted.
-Sebastian De la Hoz, Green Balam.
Green Balam plans to expand into the carbon credit market, which is where OFP comes into the picture. As an OFP project operator, the company will tap into the measuring, reporting, and forest project verification resources to assess and store detailed information about its projects on the blockchain. By using the resources of OFP for project validation, investor confidence will increase together with Green Balam’s credibility in the carbon credit market.
The company opted for OFP’s resources due to their ability to serve both small and medium-sized forestation projects effectively. Green Balam will use the resources on 500 hectares to begin with. Later, we hope the company will verify its entire project portfolio using our resources. Stay tuned for updates!