VERRA VCS 2293 Forestry Carbon Offset in Papua New Guinea

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These carbon offset credits are issued by the the Verra Verified Carbon Standard (VCS) Program, the world’s leading greenhouse gas (GHG) crediting program. VCS projects have reduced or removed nearly one billion tons of carbon from the atmosphere and drives finance toward activities that reduce and remove emissions, improve livelihoods, and protect nature.

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Project Description

ID
2293
State/Province
New Ireland and East New Britain Province
VCS
Proponent
NIHT Inc.
MS, United States
9018345882
ggates@nihtinc.com
VCS Project Status
Registered
View Issuance Records
View VCS Buffer Pool Records
Estimated Annual Emission Reductions
2262521
Total Buffer Pool Credits
352,864
VCS Project Type
Agriculture Forestry and Other Land Use
AFOLU Activity
REDD
VCS Methodology
VM0009
Acres/Hectares
110000 Hectares
VCS Project Validator
VCS Validation/Verification Body
Project Registration Date
30/09/2020
Crediting Period Term
1st, 01/06/2017 – 31/05/2047
CCB
Proponent
NIHT Inc.
MS, United States
9018345882
ggates@nihtinc.com
CCB Project Status
Under validation
Estimated Annual Emission Reductions
2262521
CCB Project Type
Reduced Emissions from Deforestation and Degradation
Acres/Hectares
110000 Hectares
CCB Project Validator
VCS Validation/Verification Body
CCB Standard Edition
CCB Third Edition
First Verification
Aster Global Environmental Solutions Inc.

Forestry Projects

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/2293

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.