Original disclosure @ FMO website
Updated in EWS Aug 28, 2020
Disclosed by Bank Apr 22, 2020
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According to the bank document, "the project aims to combine reforestation with improving livelihoods of rural communities and is a pilot project in carbon credits. The objective is to support CO2 Operate with the scaling up of the project to rehabilitate to more than 5,000 ha of degraded land by 2030.
CO2 Operate is a Dutch-based social enterprise, which has been running a Voluntary Carbon Mechanism (VCM) scheme in West Sumatra’s Singkarak Lake watershed since 2009. So far, it has converted 200 ha of degraded (grassy) land into mixed food forests".
CO2 Operate is a Dutch-based social enterprise, which has been running a Voluntary Carbon Mechanism (VCM) scheme in West Sumatra’s Singkarak Lake watershed since 2009
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ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism