VERRA VCS 0832 Forestry Carbon Offset in Brazil

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Project Description

ID
832
State/Province
Pará State, Eastern Amazon
VCS
Proponent
CBNS NEGÓCIOS FLORESTAIS S/A
State of Pará, Brazil
VCS Project Status
Registered
View Issuance Records
View VCS Buffer Pool Records
Estimated Annual Emission Reductions
370000
Total Buffer Pool Credits
404,804
VCS Project Type
Agriculture Forestry and Other Land Use
AFOLU Activity
REDD
VCS Methodology
VM0007
Acres/Hectares
27434 Hectares
VCS Project Validator
Rainforest Alliance, Inc. (Rainforest Alliance)
Project Registration Date
06/04/2020
Crediting Period Term
1st, 19/07/2007 – 18/07/2027

The CIKEL Project is located in Para State, Brazil, where 63% of the Amazon Rainforest has already been lost. The project plans to prevent almost 9.5 million tonnes of CO2e from entering the atmosphere over a 10 year period. By using sustainable logging practices certified by the Forest Stewardship Council®, CIKEL will continue to avoid the deforestation of 27.4 thousand hectares of rainforest which would have been deforested had traditional logging practices been used. The company is also intensifying and improving its practices to support the sustainable social development, maintaining and improving the biodiversity monitoring using the framework of FSC certification and Reducing Emissions from Deforestation and Forest Degradation (REDD) activities.

Forests are more than just carbon. In the Cikel project, biodiversity plays a vital role. The Cikel area is part of the Amazon, the largest remaining rainforest on our planet. The Amazon is known for its amazing biodiversity; it contains 15% of all species. The Cikel area is home to some endangered species, such as the rare Ka’apori monkey, that rely on the forest for their survival.

Reducing Emissions from Deforestation and Degradation (REDD) was originated by the United Nations to help stop the destruction of the world’s forests. “REDD+” goes beyond deforestation and includes the role of conservation, community development and job creation, and enhancement of forest carbon stocks among other benefits.

By supporting the CIKEL project through the purchase of carbon credits you not only foster the removal of CO2 from the atmosphere but support a plethora of socio-economic and environmental co-benefits arising from the project’s activities

Summary of benefits:

  • Protection of vital tropical rainforest from planned deforestation
  • Over 9 million tonnes of CO2e avoided or removed
  • Protection of biodiversity, including rare endangered species
  • Improving the quality of life of those involved in the project through education, improved medical facilities, and natural resources
  • Employment opportunities for local men and women
  • Opportunities for scientific research

Agriculture Forestry and Other Land Use (AFOLU)

SITUATION

These types of projects combine both reforestation and afforestation activities with biodiversity protection and ecosystem regeneration, ultimately transforming lands into close-to-nature forests that sequester large amounts of carbon. Forests also offer a natural habitat for native wildlife, enrich the soil, save and filter water and help mitigate the greenhouse effect by acting as a carbon sink.

SOLUTION

Climate Reforestation projects can lack investment due to marginal, hard-to-reach locations. The project can boost local small economies by creating local employment during both the construction and operational phases, stimulating climate skills technology in developing countries

IMPACT

AAR projects generates a range of significant environmental and socio-economic benefits. By mixing afforestation and reforestation activities, these projects conserve remaining forests and promotes ecosystem interconnectivity by establishing ecological corridors. This improves biodiversity, and studies on the local flora have been developed through collaboration between regional NGOs. The project further protects natural resources, with trees shielding the soil from erosion to prevent flooding and optimise water quality. Where possible, minimal amounts of only the least harmful pesticides are used, softening the environmental impact of chemicals.

OUTCOME

Income from secure job opportunities with legal protections for workers helps alleviate local poverty, with leadership and development programs also offered to employees. The project educates the community on climate change and the importance of sustainability activities.

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Verification

The Verra Registry issues carbon credits, each is equivalent to one tonne of CO2e. It is the central repository for all information and documentation relating to Verra projects and units. The Verra Registry also ensures the uniqueness of projects and credits in the system. Projects are subject to a rigorous verification process and Verra’s diligence and transparency underpins the positive outcomes of carbon projects it certifies.

To see the Verra Website click here:

https://registry.verra.org/app/projectDetail/VCS/832

The Climate Change Institute is a member of the Carbon Trade Exchange which offers a high level of security, backed by the Westpac Banking Corporation which guarantees transactions and provides rigorous measures to protect our customers.