News

Chile: The Nature Conservancy and RRG Capital Management join forces to protect the Aconcagua Valley

Chile
Regulation & Compliances
Innovation & Technology
Published Feb 21, 2024

Tridge summary

The Nature Conservancy and RRG Capital Management have partnered to establish a Royal Conservation Rights (DRC) in Chile's Aconcagua Valley, Valparaíso region, preserving 775 hectares of unique Mediterranean ecosystem. The DRC, a legal entity created in 2016, promotes private sector involvement in conserving Chile's environmental heritage. RRG will protect the area through its Sustainable Water Impact Fund (SWIF), while The Nature Conservancy will ensure its long-term conservation through a management plan and regular monitoring.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The NGO The Nature Conservancy and RRG Capital Management established an unprecedented Royal Conservation Rights (DRC) in Chile in order to preserve 775 hectares in the Aconcagua Valley, Valparaíso region. The commitment seeks to safeguard the flora and fauna of the Mediterranean ecosystem that exists in that area. The DRC is a legal figure created in Chile in 2016 to promote the participation of the private sector in the conservation of the country's environmental heritage. According to a characterization study, the flora and fauna present in the territory have a high level of endemism, and native forest specimens of various species can be found, and birds such as the condor and giant hummingbird. Through its Sustainable Water Impact Fund (SWIF), RRG committed “effectively and in perpetuity” to protecting this surface of the Santa Rosa de Persea farm, located in Catemu. For its part, The Nature Conservancy will be the guarantor of long-term conservation, for which a management ...
Source: MXfruit
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