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    Planting Biodiverse Forests in Panama

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    Description

    By sourcing timber from primary rainforest or harvesting large-scale monoculture plantation, the timber trade has significantly depleted tropical rainforests.

    CO2OL Tropical Mix is looking to change that by introducing sustainable timber production while reforesting degraded pastureland with a mix of native tree species and teak. The resulting forests offer a natural habitat for native animals and plants, protect and enrich the soil, save and filter water and contribute to the mitigation of climate change.

    The project, initially developed by Forest Finance and recently extended by the partner Sustainable Timber and Isla Cebaco, is based on a model that combines sustainable, high quality timber production with biodiversity protection and ecosystem restoration. By also planting a mix of cacao and native tree species in some areas, the project also enables sustainable cacao production.

    Contributes to the following Sustainable Development Goals:
    Impacts and benefits
    • More than 7.5 million trees from 20 different native species have been planted – capturing carbon and migating climate change
    • 25% has been declared nature reserve, protecting the forest and the animals and plants living there
    • 15 threatened animal species from the Red List have found a habitat in the project
    • The reforested areas serve as bridges for wandering animals seeking new habitats
    • The project provides long-term employment for the local population. So far, the Forest Finance Group has created 150 jobs, through their reforestation projects in Panama. The training and further education of the native population leads to an improved living standard.
    • Knowledge transfer around the use of sustainable and innovative forest management technologies, GIS and monitoring-systems in Panama lays the ground for future projects
    • All employees receive a wage above the legal minimum, health insurance and a pension fund. Furthermore, they receive additional optional benefits such as a life insurance as a security for their families, an internal credit programme, training and further education and special seasonal bonuses.

    By investing in these systems, you are helping to generate a high value wood and cacao yield that is ecologically and socially sustainable.

    Would you like to fund the project?
    Offset your emission by purchasing carbon credits for $32.50/tonne at Gold Standard Marketplace
    Contact Email

    info@forliance.com

    Website

    https://marketplace.goldstandard.org/products/planting-biodiverse-forests-panama

    Region
    • Panama
    Location
    • Panama

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    Project Developer

    Forliance

    Project image copyrights/credits:

    ForestFinest Consulting / CO2OL

    About the standard
    Below an overview of the standards focus on...
    Certificate information
    The current business is certified....
    Short info
    GS logo
    Gold Standard was established in 2003 by WWF and other international NGOs to ensure projects that reduced carbon emissions featured the highest levels of environmental integrity and also contributed to sustainable development. The standard enables the certification of projects which maximise impact, create value for people around the world and the planet we share. Each project certified by Gold Standard meets a minimum of 3 SDGs.

    Gold Standard-certified projects have created over $31 Billion in shared value for climate action + sustainable development.
    About
    Gold Standard for the Global Goals customises safeguards, requirements, and methodologies to measure and verify impact on a wide range of activities -- from climate protection projects seeking to issue carbon credits to corporate supply chain interventions to national or subnational programmes looking for the most credible claims for their impact reporting.

    Gold Standard for the Global Goals is a standard that sets requirements to design projects for maximum positive impact in climate and development -- and to measure and report outcomes in the most credible and efficient way.
    Short video
    About GOTS
    With today’s sustainability challenges and the contribution of the fashion and textile industry to those challenges, we must collectively rethink production and consumption of textiles. Organic fibres play multifaceted roles in creating an industry that actively lowers its environmental impact and prioritizes human health over short term profit.
    GOTS logo
    A textile product carrying the GOTS label must contain a minimum of 70% certified organic fibres, a product with the label grade grade 'organic' must contain a minimum of 95% certified organic fibres.

    Organic fibres are natural fibres grown without the use of synthetic pesticides (such as insecticides), or herbicides and GMOs (Genetic Modified Organisms) according to the principles of organic agriculture. Organic agriculture is a production process that sustains the health of ecosystems, soils and people.
    Website
    Learn more about the GOTS standard at https://global-standard.org/resource-library/standard-and-certification
    About VERRA - Verified Carbon Standard

    The VCS Program is the world’s most widely used voluntary GHG program. Over 1,840 certified VCS projects have collectively reduced or removed more than 984 million tonnes of carbon and other GHG emissions from the atmosphere.


    Individuals and corporations around the world are recognizing the importance of reducing their GHG emissions. As a result, many of them are reducing their carbon footprints through energy efficiency and other measures. Quite often, however, it is not possible for these entities to meet their targets or eliminate their carbon footprint, at least in the near term, with internal reductions alone, and they need a flexible mechanism to achieve these aspirational goals. Enter the carbon markets.

    By using the carbon markets, entities can neutralize, or offset, their emissions by retiring carbon credits generated by projects that are reducing GHG emissions elsewhere. Of course, it is critical to ensure, or verify, that the emission reductions generated by these projects are actually occurring. This is the work of the VCS Program – to ensure the credibility of emission reduction projects.

    Once projects have been certified against the VCS Program’s rigorous set of rules and requirements, project developers can be issued tradable GHG credits that we call Verified Carbon Units (VCUs).  Those VCUs can then be sold on the open market and retired by individuals and companies as a means to offset their own emissions. Over time, this flexibility channels financing to clean, innovative businesses and technologies.

    Verra’s role is to develop and administer the program. We provide oversight to all operational components of the VCS Program and we are responsible for updating the VCS rules such that they ensure the quality of VCUs. The development of the VCS Program is supported by the VCS Program Advisory Group, a multi-stakeholder body that helps ensure that the VCS Program continues to serve its users in an effective and efficient manner and drives practical and robust solutions to mitigate climate change.

     

    About Organika
    ORganika logo


    The ORGANIKA association was established in 2013 by the leading companies in the sector of Non-Wood Forest Products (NWFPs) and Medicinal and Aromatic Plants (MAPs).
    The purpose of the association is to improve cooperation among stakeholders in this sector and further develop the sector by promoting Kosovo products in foreign export markets, and also through lobbying activities. Moreover, the ORGANIKA association aims to support all its members in becoming certified with organic standards within the next 5-7 years, and achieve that certified organic products become the majority of exports.
    Website
    https://organika-ks.org/en/about-us/

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