The GCFRP is the one of the first Emission Reductions (ER) Program to be centered upon the development of a sustainable commodity supply chain that hinges upon the non-carbon benefits that will be channeled to farmers as a result of significant private sector investments into the landscape and the supply chain. In practical terms, this means that climate-smart cocoa farmers that agree to shaded cocoa production and forest protection measures can expect significant yield increases from improved access to farming inputs and resources, that will result in increased incomes. The projected ER benefits from a potential carbon payments of $50 million (against performance over time), coupled with the cocoa industry’s annual $2 billion dollar investment into the sector, can together drive this transition to a more sustainable cocoa production landscape, while providing added incentives to farmers, traditional leaders, and communities that support landscape governance and management activities that reduce deforestation and support the adoption of climate-smart practices.
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