14 November 2013

First Verification of REDD Credits in Chile

The Nature Conservancy (TNC) announced the first successful verification of carbon credits in Chile from a Reduced Emissions from Deforestation and Forest Degradation (REDD) project in the Valdivia Coastal Reserve.  The Valdivian Coastal Reserve’s old growth forests store the equivalent of more than 800 tons of carbon dioxide per hectare, making these forests among the most carbon-dense in the world. With the actions taken to stop deforestation and conversion of these native forests, more than 350,000 tons of CO2 emissions are estimated to have been prevented from being released into the atmosphere. The project was validated and verified against the Verified Carbon Standard (VCS). Read TNC’s press release. Lea el comunicado de prensa de Ministerio de Agricultura de Chile.

TerraCarbon provided technical support to The Nature Conservancy to develop the project design and undertake the first monitoring event.  TerraCarbon is also providing marketing support for the credits generated by the project.  View the project profile or Contact Us for further information.

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