LatamList – Pachama, a climate startup, announced a new partnership with Sigma Advanced Capital Management. The companies will collaborate on the Bajo Calima and Bahía Málaga Project in the Colombian Pacific.
Pachama uses AI machine learning and satellite imaging to evaluate, certify, and verify carbon-offsetting reforestation projects. The startup gives major companies access to forest carbon credits to protect ecosystems, restore forests, and improve carbon markets.
Sigma Advanced Capital Management is an Alternative Investment Asset Manager specializing in commodities and carbon markets. The company has developed a sustainable strategy to reduce emissions and work towards a low-carbon economy.
“As the urgency around climate change continues to grow, it is more important than ever to collaborate to reduce worldwide carbon emissions. We are thrilled to partner with Sigma Advanced Capital Management to facilitate their journey towards carbon neutrality through the use of our verified forest carbon credits. Every partnership marks an exciting step towards necessary global emission reductions,” said Diego Sáez Gil, CEO and co-founder of Pachama.
The Bajo Calima and La Plata Bahía Malaga project is part of the REDD+ Portfolio, covering an area of 83,452 hectares of forested community land. Sigma Advanced Capital Management purchased carbon credits in the region and the two companies will now be preventing more than 490,000 tons of CO2 emissions annually in Colombia.
This is Sigma Advanced Capital Management LLC’s second partnership in the region, following a partnership with Carbonfund.org in September 2020 to support the Envira Amazonia Forestry Project in Brazil.