As the global sustainable forestry industry grows, driven by a carbon credit market expected to reach US$19.9 trillion by 2035, long-term conservation projects in Latin American countries like Peru are taking off. 

The Slalom Foundation – part of the global digital consulting firm Slalom – operated a fund of over US$10 million and recently awarded more than $200,000 to impact initiatives in Latin America, Africa, and the U.S. 

Among those receiving the fresh Slalom Foundation funds is the Forest Stewardship Council Investments & Partnerships (FSC). The FSC has been working with the Peruvian National Service of Natural Protected Areas (SERNANP) to certify 7.4 million hectares of national parks and Peruvian Amazon ecosystems. 

Through its Certification Initiative, the FSC has set up shop in Peru, recently announcing a brand new conservation facility, which will streamline the certification process of national parks and conservation areas in the country. 

The FSC Certification Initiative has already committed US$1.7 million in 2026 to high-value areas in Africa, Latin America, and Central Asia. As it seeks new partners to scale impact, it welcomes Slalom Foundation’s donation and funding for Peru. 

“We are profoundly honored to receive the climatic subsidy from the Slalom Foundation in support of the Fund for Conservation of the FSC,” said Jen Opie, deputy executive director of FSC Investments & Partnerships. “This investment accelerates our certifying capabilities to protect some of the most critical conservation areas in the world throughout Latin America, including Peru.”

Today, sustainable forestry and conservation efforts are tied to the global carbon credit offsetting market. 

A Precedence Research report released in February estimated that the global carbon credit market is worth US$1.3 trillion and expected to grow to $19.9 trillion by 2035, expanding at a CAGR of 35.80% in the same period. 

While North America is expected to see the fastest growth, and Europe holds the largest share of the market, Latin America stands out for its untapped potential, as sectors like aviation and big tech — seeking to offset new energy-hungry AI data center operations – drive demand. 

Within this market, forestry conservation projects lead the way.

The Slalom Foundation said that the organizations benefiting from their recent investment are setting in motion groundbreaking conservation and ecological programs, helping families and women access essential services, and promoting technological certifications that support local wealth and economic development. 

“These environments often face significant barriers when trying to access the necessary resources to unblock financing for long term conservation,” said Opie from FSC. “The collaboration with Slalom reinforces our shared commitment to safeguarding biodiversity, promoting climate resilience, and supporting local communities, whose stewardship is essential to global climate goals,” she added. 

“Together, we are scaling credible and verifiable nature-based climate solutions at a time when decisive action has never been more urgent,” concluded Opie. 

Featured image description: Aerial view of the Amazon Rainforest.

Featured image credit: FSC.

Disclosure: This article mentions a client of an Espacio portfolio company. 

The post Slalom Foundation supports Peruvian protected areas as $1.3 trillion carbon credit market grows appeared first on Perú Reports.

As the global sustainable forestry industry grows, driven by a carbon credit market expected to reach US$19.9 trillion by 2035, long-term conservation projects in Latin American countries like Peru are taking off. 

The Slalom Foundation – part of the global digital consulting firm Slalom – operated a fund of over US$10 million and recently awarded more than $200,000 to impact initiatives in Latin America, Africa, and the U.S. 

Among those receiving the fresh Slalom Foundation funds is the Forest Stewardship Council Investments & Partnerships (FSC). The FSC has been working with the Peruvian National Service of Natural Protected Areas (SERNANP) to certify 7.4 million hectares of national parks and Peruvian Amazon ecosystems. 

Through its Certification Initiative, the FSC has set up shop in Peru, recently announcing a brand new conservation facility, which will streamline the certification process of national parks and conservation areas in the country. 

The FSC Certification Initiative has already committed US$1.7 million in 2026 to high-value areas in Africa, Latin America, and Central Asia. As it seeks new partners to scale impact, it welcomes Slalom Foundation’s donation and funding for Peru. 

“We are profoundly honored to receive the climatic subsidy from the Slalom Foundation in support of the Fund for Conservation of the FSC,” said Jen Opie, deputy executive director of FSC Investments & Partnerships. “This investment accelerates our certifying capabilities to protect some of the most critical conservation areas in the world throughout Latin America, including Peru.”

Today, sustainable forestry and conservation efforts are tied to the global carbon credit offsetting market. 

A Precedence Research report released in February estimated that the global carbon credit market is worth US$1.3 trillion and expected to grow to $19.9 trillion by 2035, expanding at a CAGR of 35.80% in the same period. 

While North America is expected to see the fastest growth, and Europe holds the largest share of the market, Latin America stands out for its untapped potential, as sectors like aviation and big tech — seeking to offset new energy-hungry AI data center operations – drive demand. 

Within this market, forestry conservation projects lead the way.

The Slalom Foundation said that the organizations benefiting from their recent investment are setting in motion groundbreaking conservation and ecological programs, helping families and women access essential services, and promoting technological certifications that support local wealth and economic development. 

“These environments often face significant barriers when trying to access the necessary resources to unblock financing for long term conservation,” said Opie from FSC. “The collaboration with Slalom reinforces our shared commitment to safeguarding biodiversity, promoting climate resilience, and supporting local communities, whose stewardship is essential to global climate goals,” she added. 

“Together, we are scaling credible and verifiable nature-based climate solutions at a time when decisive action has never been more urgent,” concluded Opie. 

Featured image description: Aerial view of the Amazon Rainforest.

Featured image credit: FSC.

Disclosure: This article mentions a client of an Espacio portfolio company. 

The post Slalom Foundation supports Peruvian protected areas as $1.3 trillion carbon credit market grows appeared first on Perú Reports.

Lima, Peru — Peru’s general election, held Sunday, April 12, has been thrown into uncertainty following a series of logistical failures, contested tally sheets, and newly reported irregularities that have raised doubts about the integrity of the process—even as authorities insist there is no evidence of fraud.

With partial results still being processed several days later, no clear contender has emerged to face Keiko Fujimori in the runoff, despite her leading the vote with around 17%. The tight race for second place—separated by a razor-thin margin—between right-wing candidate Rafael López Aliaga and leftist Roberto Sánchez could ultimately be decided by thousands of challenged votes.

Delays, missing materials, and ballots found in the trash

Election day was marked by widespread delays in the delivery of voting materials, especially in Lima, forcing authorities to extend voting into Monday in several districts.

Officials are now facing scrutiny over more troubling incidents. In one of the most widely reported cases, sealed boxes containing 1,200 ballots—distributed across four tamper-evident containers—were found discarded in the trash in the Lima district of Surco.

The National Office of Electoral Processes (ONPE) attributed the incident to negligence during the transport of ballot boxes and tally sheets to its central headquarters. It maintained, however, that the chain of custody was not compromised, noting that a coordinator, a police officer, and an electoral observer from the National Jury of Elections were present in the vehicle.

However, Roberto Burneo, president of the National Jury of Elections (JNE), told a congressional oversight committee on Friday that the ONPE’s statement was “false.”

“It is important to clarify that, regarding those boxes, contrary to what ONPE indicated, there was no observer accompanying them nor a police officer. They were transported in unregistered private vehicles, and the JNE was not present,” he said.

Burneo added that evidence has already been submitted to prosecutors.

“Serious irregularities,” but no fraud, observers say

Despite the growing list of incidents, international observers from the Organization of American States and electoral experts have drawn a distinction between administrative failures and deliberate manipulation.

“There have been serious irregularities that must be investigated and sanctioned, but this is not a fraudulent situation,” former Justice Minister Aldo Vásquez told CNN. “At least up to now, there is no evidence supporting that claim.”

Observers from international organizations echoed that assessment, noting that while “egregious irregularities” were documented, they do not amount to systemic fraud.

Still, the scale and variety of problems—from late poll openings to missing materials—have eroded public confidence.

Thousands of disputed votes could decide the runoff

At the center of the uncertainty are more than 5,000 tally sheets marked as “disputed”—representing just over one million votes—due to inconsistencies such as missing signatures, illegible figures, or arithmetic errors.

These votes are now under review by electoral authorities and, in such a close race, could determine who advances to the runoff.

“Of course they can change the outcome,” said electoral lawyer Silvia Guevara. “The difference between candidates is so small that these votes could tip the balance.”

“This is a situation that won’t be resolved tomorrow or in two or three days. Citizens will need to be patient,” she added to Canal N.

Institutional crisis and ongoing investigations

The fallout has triggered multiple investigations. The Public Ministry and the Comptroller General have launched inquiries, while the National Board of Justice—the body responsible for overseeing judicial appointments—has opened a preliminary investigation against Piero Corvetto Salinas, head of the ONPE.

According to Vásquez, the process could lead to disciplinary sanctions or even suspension, noting that “it is highly likely that a formal proceeding will be opened.”

Meanwhile, electoral authorities have confirmed that at least 85 requests to annul the election have been filed, further complicating the timeline.

With the runoff scheduled for June, the coming days will be decisive not only in determining who advances, but also in whether Peru’s electoral institutions can restore public trust after one of the most controversial elections in recent years.

The post Mounting irregularities cloud Peru’s 2026 general election as runoff remains unclear appeared first on Perú Reports.

Corruption ranks among Peruvians’ top concerns, only second to insecurity, as the country heads into a general election on Sunday. 

Since 2016, Peru has suffered from severe political instability, with repeated graft scandals contributing to the succession of eight different presidents. The country currently ranks 130 out of 182 on Transparency International’s corruption index. 

To get an idea of how some of the 35 candidates for president may tackle corruption if elected, Peru Reports spoke with Dr. Joseph Pozsgai-Alvarez, a Peruvian political scientist specialized in anti-corruption and public integrity from Osaka University.

Populist promises and unrealistic plans

Candidate Rafael López Aliaga, the former far-right mayor of Lima — himself under investigation for alleged corruption –has proposed to raise jail sentences to life imprisonment for officials found guilty of corruption. 

According to Pozsgai-Alvarez, “That is populist rhetoric.” He said that besides the constitutional challenges of López Aliaga’s proposal, “it is difficult to believe any court would hand a life sentence for anything other than the most egregious cases of corruption given the evidential burden.”

In other words, the life sentence would probably never effectively be applied, according to the professor. 

“The result is that Lopez Aliaga will earn some political points without actually accomplishing anything,” he added. 

Lopez Aliaga, who ranked in the top of the polls for months before plunging last week, also pledged to cut down the number of ministries to reduce the chances of dishonest practices. 

The proposal is a “comical” proposition, on par with Wolgang Grozo’s idea to use a lie detector for senior officials, according to Pozsgai-Alvarez.

Read more: What to expect from Peru’s general election on Sunday

A runner-up in the last three elections, right-wing candidate Keiko Fujimori, the daughter of former dictator Alberto Fujimori, has promised to strengthen the existing institutions such as the National Authority of Transparency and Access to Information (ANTAIP), which has operated since 2017 without relative success.

The ANTAIP is a body appointed by the Minister of Justice and designed to advise policy on transparency, supervise institutions, potentially propose sanctions, and launch sensibilization campaigns.

Pozsgai-Alvarez believes that reimagining rather than fortifying the agency is the solution.  “The National Authority needs to be reinvented as a constitutionally autonomous organization, which is no small affair,” he said. 

“Once an agency exists, it is difficult to significantly transform it, so I don’t think there will be sufficient political capital to incentivize actors in this direction.”

Fujimori, who was formerly indicted in the regional Odebrecht corruption scandal, announced she would also ban companies already sanctioned from obtaining public contracts.

Whilst “politically doable”, Pozsgai-Alvarez believes this measure “requires an agency sufficiently autonomous to carry out that duty.”

The scholar added: “In a situation of state capture, which Peru is ripe for, it is more likely that we would see such power being used to punish corporations for failing to comply with political directives.”

Peru’s former Central Bank director, Alfonso López-Chau, has put forth in his candidacy an initiative that would emulate Mexico’s large anti-corruption system layered across several institutions. 

The authority would be politically autonomous and potentially composed of a prosecutorial body with investigative powers working with the administrative court, an audit administration and a civilian watchdog.

In Pozsgai-Alvarez’s opinion, the Mexican example proved to be an “utter failure”, and recreating it in Peru remains unrealistic. 

Carlos Alvarez, a comedian known for impersonating politicians and who is running on a strict, security-centered platform, proposed a plan to build a new state agency solely dedicated to anti-corruption. 

The electorate should remain “always suspicious” of promises to launch new specialized agencies, Pozsgai-Alvarez said. 

According to the scholar’s work, three similar attempts to create new agencies since 2000 have failed due to intentional structural weaknesses and pushback from high-profile politicians when investigations were launched against them.

No improvement without stability

While Pozsgai-Alvarez believes that “several candidates may also honestly have good intentions,” their general inexperience in both state administration and party politics will make it “unlikely they will be able to keep integrity at the center of the next administration.”

He argues that the constant cycling of presidents has historically hampered any chance of tangible change when it comes to fighting corruption. 

“What we’ve been missing over the past decade is sufficient political stability to allow actors to invest sufficient resources in viable integrity measures,” he said.

“Stability is not enough, but it is certainly necessary.”

The post Can its next president tackle Peru’s rampant corruption?  appeared first on Perú Reports.

Over 27 million Peruvians are set to vote in the first round of highly unpredictable presidential elections and elect a new Congress on 12 April.

With a record number of 35 candidates still in the presidential race, the polls have shown strong, week-to-week volatility. 

The surprise emergence of an outsider candidate making it to the second round of presidential elections — like what happened with Pedro Castillo in 2021 — remains a possibility, considering all candidates are polling nowhere near the 50% of votes they’d need to secure a first-round victory. 

Unstable, fragmented vote 

In the latest voting simulations, Keiko Fujimori, the daughter and political heir of former Peruvian dictator Alberto Fujimori (1990-2000), is ahead in the polls. 

The right-wing candidate gathered 18.1% of the valid votes in a survey from newspaper El Comercio, and 18.6% in an IPSOS poll published by Peru21. Both projections were calculated in early April.

The most significant development is center-right candidate Carlos Álvarez’s rise to second position in both polls, from roughly 8% last week to 10.8% in the El Comercio survey and 12.1% in Peru21’s.

Rafael López Aliaga, the far-right former mayor of Lima, could be the candidate who lost the most ground ahead of Sunday’s election. After ranking among the top frontrunners for months, even rising above Fujimori at times in the polls, he dramatically plunged to 10.3% of voter intention according to El Comercio and 10.9% according to Peru21.

The two media outlet polls, however, differ regarding candidates outside of the current podium.

According to Peru21, Roberto Sánchez, a leftist former minister from Castillo’s government, is fourth as he surges to 9% of voting intention. He distanced himself from Jorge Nieto (center), with 5.6%, and César Acuña (right), with 5.1%. Four more candidates received more than 3% of votes in the poll. 

El Comercio’s population sample does not entirely share Peru21’s sample’s enthusiasm for Sánchez. He is fifth with 7% of intended votes, behind Nieto (7.2%) and ahead of Ricardo Belmont (centre). The latter hiked up from 2.8% on March 27 to 6.5% in this latest poll. Again, four candidates stood above 3%.

Polling estimations are to be interpreted with extreme caution as the electorate’s indecision remains strong, and any of the outsiders could be misrepresented and/or profit from late momentum. 

Ten days before the 2021 first round, El Comercio’s vote simulation put Castillo in sixth position with 7.9% of vote intentions.

In first-round elections at the time, the now-jailed president obtained 18.9% of the vote, surpassing Fujimori by five and a half percentage points before defeating her in the second round. 

The left-wing president, who ran on a rural Indigenous platform, was imprisoned after attempting to dissolve Congress in late 2022. His Vice President, Dina Boluarte, took over the presidency, only to be ousted herself in October of last year. 

After 36 years, a return to a bicameral legislature

For the first time since 1990, Peruvians will be voting for a bicameral Congress. 

On Sunday, the country will vote for the lower house, known as the Chamber of Deputies, as well as seats in the Senate. 

The Senate was eliminated in Alberto Fujimori’s 1993 constitution, a year after he shuttered Congress.

The legislative elections are held in every district in a single, proportional round. 

In both chambers, parties must meet a 5% nationwide threshold or a minimum of seats (seven for the Chamber of Deputies, and five for the Senate) to enter the reformed Congress.

Peru’s deep political crisis

This Sunday’s elections will take place amid high political instability and an overall disdain for Peru’s political landscape by its electorate.  

The country has seen eight presidents in the past 10 years, many of which cycled out via resignations, impeachments, and scandals.

Many Peruvians have also lost trust in their Congress, which has effectively become more powerful than the executive branch, and is held responsible for much of Peru’s current political crisis. According to Le Monde, more than half of congressmen are under investigation for corruption. 

Out of all aforementioned candidates, only Fujimori, López Aliaga and César Acuña’s parties are members of the current Congress, highlighting the strong, yet fragmented, impetus for change in the Andean nation.

Featured image: Peru’s Congress

Image credit: Genu5960 via Wikimedia Commons

The post What to expect from Peru’s general election on Sunday appeared first on Perú Reports.