As part of joint effort to develop a pre-feasibility study for a forest plantations and biomass energy project in Iquitos, the Peru Forest RAMSA project in and of itself, will not generate any development impact. It will however, provide results that will allow the client, RAMSA to possibly successfully expand its reforestation efforts in the Peruvian Amazon as part of a 30 MW energy project with KALLPA that would dramatically reduce Iquitos' reliance on fossil fuels for its energy needs. The CO2 footprint for Iquitos is relatively high since diesel is currently shipped by road from Lima over the Andes to Pucallpa, and subsequently down the Ucayalli river to Iquitos where it is burned in generators to produce electricity. The substitution of foreign oil transported over long distances with wood fiber grown locally on degraded lands would logically result in a reduction in GHG emissions. Application of the recommendations provided by IFC as part of the study, would ultimately increase the likelihood of a successful, environmentally sound, forest based energy project that would affect many communities and several private companies in Loreto, Peru's largest department: first, by establishing the business case for reforesting degraded lands, second, by reducing emissions leading to climate change, and third, by protecting standing forests with carbon stocks from conversion to non-forest uses. IFC's analytical work will be useful to 2 companies with a high potential for wide-scale impact. At present, it is unclear exactly how many hectares would be planted nor how much area would be subjected to Reduced Impact Logging to yield a (currently unknown) volume of legally sourced logs. Such numbers will be determined as part of the pre-feasibility study.

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of entities receiving in-depth advisory services	Not Available	1
Number of entities that implemented recommended changes	Not Available	1

Performance Standard	Description and Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	No E&S risks are expected as this project will only be a pre-feasibility study. As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted.