BlueGrace Energy Bolivia, DevvStream (Canada), and Fico Bank (Brazil) are collaborating to spearhead environmental conservation and the transition to clean energy in Bolivia through the issuance of SDG Bonds, targeting Asset Forestry Natural Capital.

Innovative Partnership Aims to Preserve 8.3 million Hectares of Amazon Rainforest and Promote Clean Energy

[Santa Cruz, Bolivia, September 12, 2023] - BlueGrace Energy Bolivia, in collaboration with DevvStream Holdings Inc., and Fico Bank Ltda., is thrilled to unveil an exciting initiative that promises to redefine environmental conservation and clean energy transition in Bolivia. This visionary partnership is driven by a shared commitment to preserving the precious Amazon rainforest and fostering sustainable energy practices while making a positive impact on local communities.

DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0), a prominent carbon credit project development and generation company specializing in technology solutions, has entered into a memorandum of understanding (MOU) with Bluegrace Energy Bolivia (Bluegrace). This MOU designates DevvStream as the exclusive carbon credit manager for an ambitious Amazon rainforest protection project spanning 8.3 million hectares in Bolivia. DevvStream will oversee carbon credit management services and will receive a portion of the resulting credits.

Carbon credit projects in forests often struggle with strict standards. DevvStream plans to use advanced tech like AI and satellite imaging for precise carbon credit quantification. The project also supports social initiatives for indigenous communities, including infrastructure, education, water treatment, healthcare, and transportation.

"Sunny Trinh, CEO of DevvStream, emphasized the significance of safeguarding rainforest land, highlighting that technology can complement nature preservation. Through the application of machine learning, AI, blockchain, and advanced imaging techniques, DevvStream aims to protect millions of hectares of land while adhering to Core Carbon Principles related to governance, emissions impact, and sustainable development. Trinh expressed pride in collaborating with Bluegrace to bring this crucial project to fruition."

"Julio Montenegro, CEO of Bluegrace Bolivia, emphasized the importance of finding a trustworthy carbon credit company with integrity, expertise, and transparency as a key factor in the project's success. Bluegrace is pleased to partner with DevvStream to conserve these critical regions and advance social initiatives and humanitarian activities that benefit the indigenous communities residing in the forests."

Foreign Investment Company S/A (FICO S/A), established in 2008 in Panama with a branch in Brazil, has consistently demonstrated innovation in the realm of financial services tied to climate finance. They play a pivotal role in assisting both financial and non-financial entities in achieving the United Nations Sustainable Development Goals (UN SDGs). FICO S/A is an active member of the Task Force on Climate-related Financial Disclosures (TCFD) and will serve as a custodial and settlement hub for all transactions associated with the Sustainable Development Goals (SDG) Bonds within this project.
The exceptional land use in Natural Areas, as part of this MDS project, "Natural Capital-Based," utilizing the IFC - Infinite Forest Carbon methodology applied to the Natural Area Forest, automatically adheres to the principles of Social, Environmental, and Sustainability. By having no emissions, it promotes the capture and accumulation of 'tGEI.eCN' assets, totaling 3,163,960,000.00 metric tons, successfully achieving SDG Goal 13. This directly contributes to emissions reduction through permanent compensation for CMNUCC control and can also be declared as SDG Goal 13, as suggested by the United Nations.

A Vision for a Greener Future
At the heart of BlueGrace Energy Bolivia's mission is the conservation of 8.3 million hectares of Bolivia's Amazon rainforest. This endeavor marks a significant step towards setting new standards for responsible environmental stewardship and sustainable energy development in South America.

A Harmony of Conservation and Progress
BlueGrace Energy Bolivia bridges the gap between environmental conservation and economic development. The company's core focus lies in championing sustainable development goals, with a strong emphasis on the transition to clean energy. Collaborating with DevvStream, a leading name in carbon credit project development, BlueGrace Energy Bolivia is poised to make a substantial impact on the environment.

Revolutionizing Carbon Credit Generation
In a departure from traditional methods, the project leverages advanced technology, including artificial intelligence, machine learning, and satellite imaging, to accurately quantify carbon credits. This innovative approach ensures a more precise measurement of environmental impact.

Community-Centric Initiatives
Beyond safeguarding the rainforest, the project also prioritizes the well-being of indigenous and farming communities living within its boundaries. The aim is to channel resources into social initiatives, including infrastructure development, education, healthcare, and more.

Our Vision
BlueGrace Energy Bolivia and DevvStream are committed to leading the way in environmental conservation in South America, utilizing Carbon Credits to drive clean energy, responsible mining, and the preservation of Bolivia's Amazon rainforest.

A Changing Landscape
The environmental conservation and clean energy sector in Bolivia is undergoing a profound transformation, with increasing demand for sustainable practices and responsible resource management. BlueGrace Energy Bolivia's unique approach positions it as a trailblazer in this evolving landscape.

A New Standard
While other conservation organizations exist, BlueGrace Energy Bolivia distinguishes itself through its dual focus on environmental preservation and clean energy transition. The company's collaboration with local communities and organizations provides it with a distinct edge.

Our Offerings
BlueGrace Energy Bolivia offers a range of services and programs, including environmental conservation initiatives, reforestation projects, social programs for indigenous communities, and advocacy for clean energy research and development.

Our Commitment
Our commitment is to conserve Bolivia's forests, promote clean energy, and ensure responsible mining practices. We offer a holistic approach that integrates environmental protection, clean energy transition, and community empowerment.

Join Us
BlueGrace Energy Bolivia and DevvStream invite you to be a part of this transformative journey towards a greener, more sustainable future for Bolivia and the world.

Av. Cuarto anillo corner Avenida San Martín
Equipetrol, Tower 2,Floor 9
Manzana 40 Building
Santa Cruz de la Sierra, Bolivia

About Bluegrace Energy Bolivia
Bluegrace Energy Bolivia is an association of experts and professionals from around the world with years of experience in the energy sector, with the common goal of making a valuable contribution to the global energy transition toward a net zero future. Witnessing the alarming effects of climate change and the challenges facing societies on their path toward sustainability, we conceived Bluegrace Energy Bolivia SRL as a platform from which we could coordinate our efforts in our mission. Our experts stand out in both clean and renewable energy and have decades of experience leading innovative projects in the field of energy transition towards a model "fit for the challenges of the 21st century". At Bluegrace, we adhere to the common principles of professional expertise, the highest integrity, and creating real value in both business and society. Visit https://bluegracebolivia.com for more information.

About DevvStream
DevvStream is a technology-based ESG company that advances the development and monetization of
environmental assets, with an initial focus on carbon markets. DevvStream works with governments and corporations worldwide to achieve
their sustainability goals through the implementation of curated green technology projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, and sequester carbon directly from the air-creating carbon credits in the process.
Visit https://www.devvstream.com for more information.

About FICO S/A:
FICO S/A, also known as Foreign Investment Company S/A, stands as a beacon of innovation and sustainability in the world of climate finance. Founded in 2008 and rooted in Panama with a significant presence in Brazil, FICO has consistently showcased its commitment to fostering a sustainable future. Under the visionary leadership of its founder, the company has embarked on a mission to redefine the very essence of wealth, emphasizing the invaluable role of Natural Capital in our global ecosystem.

Harnessing the power of their groundbreaking IFC (Infinite Forest Carbon) methodology, FICO has pioneered the monetary valuation of Natural Capital, bridging the gap between environmental preservation and economic viability. This methodology not only underscores the tangible and intangible assets provided by nature but also aligns with global initiatives, particularly the United Nations Sustainable Development Goals (UN SDGs).

FICO's endeavors are further bolstered by esteemed certifications and strategic alliances, including partnerships with CIFAL Argentina, a member of UNITAR, and affiliations with global financial communities such as the CONFEDERACIÓN LATINOAMERICANA DE COOPERATIVAS DE AHORRO Y CRÉDITO (COLAC). Through these collaborations and their unwavering commitment to sustainability, FICO S/A is not just envisioning but actively constructing a future where economic growth and environmental preservation coexist harmoniously.

This release was published on openPR.