Words by Smiley Team
The Baker Hughes Foundation has announced a $250,000 grant to The Nature Conservancy to support nature-based climate solutions in sensitive “last chance” ecosystems in Indonesia.
The funds will contribute toward reducing carbon emissions and aid in sequestering carbon stocks in the other programs in the Kalimantan and North Kalimantan provinces.
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, they create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together.
Indonesia was selected as a location for the grant because it is home to some of the world’s highest biodiversity and provides some of the world’s most cost-effective opportunities for nature-based climate mitigation. Baker Hughes operates substantial commercial and service operations in Indonesia, with more than 800 employees.
The programs funded by the grant have the potential to reduce millions of tons of CO2 equivalent over a period of years. This project builds on previous grant partnerships between the Baker Hughes Foundation and The Nature Conservancy that have supported biodiversity, water quality and climate solutions.
For 25 years, the Baker Hughes Foundation has saugh to to advance environmental quality, education, health, safety, and wellness. This is acheived by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success.
“Baker Hughes is committed to reducing global carbon emissions through our products and services, and also through our partnership with organizations like The Nature Conservancy,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes.
“Nature-based climate solutions play an important role in helping companies and governments address climate change, and Indonesia provides one of the most significant opportunities for addressing climate impact in the world today.”
“We are thankful for Baker Hughes’s continued support of forest conservation work that can meaningfully reduce carbon emissions through smart land use strategies, strengthened policy and reduced-impact forestry,” said William McGoldrick, regional managing director of The Nature Conservancy’s Asia Pacific region.
“Combined with Baker Hughes’s past support for community-based forest conservation, this grant can help turn our collective vision for sustainable forest management into reality.”
To find out more about the work of The Nature Conservancy, head to https://www.nature.org/en-us/.
You can also head to their Get Involved page to find out more about volunteering, donation & campaigning opportunities.
