Verification: The Verified Carbon Standard
Crediting Period: 2010-2040
Projected Annual Emission Reductions: 200,000
The Reduction of Emissions from Deforestation and Degradation (REDD) Brazil Nut Rainforest Conservation in Madre de Dios is an ongoing community-based emission reduction project in the Peruvian Amazon.
The project was created to protect approximately 300,000 hectares of biodiversity and natural resource rich primary rainforest as a means to balance out the the construction of the interoceanic highway, that has connected the Western Coast of Peru to the Eastern Coast of Brazil, and to safeguard social and ecological heritage in the region. This protected land serves as a precious habitat for numerous endangered plant and animal species, including the Giant River Otter and the Andean Cock-of-the-rock. The project boundary is also home to rural communities and businesses whose livelihoods depend on sustainable harvesting of Brazil Nuts from the surrounding ecosystem.
The funds generated from the carbon market will establish a collectively held land title for close to 400 families in the community to ensure long-term ownership of the land they survive on from conversion into large scale agriculture or mining. The fund will also provide a safety net during low yielding seasons, through microloans, to keep individual businesses afloat during hard times.
Success in this project will be measured through protection of the aforementioned endangered species, protection of the rights of the local communities, and the continuation of sustainable Brazil Nut harvesting for generations to come.
A Project Description can be found here.