Avoided Deforestation (REDD)

The tropical forests of the world today cover approximately 1.5 billion Ha (44% are in Latin America), of which approximately 13 million are lost annually. Deforestation makes up 20% of global carbon emissions and the REDD framework provides a mechanism for the carbon markets to finance conservation.

Deforestation

Citola identifies rainforest that is increasingly under threat from deforestation under a “business as usual” scenario through current land-use practices or 'macro' factors and works with stakeholders to finance the preservation and conservation of the forests.

Citola, as the project developer, prepares all technical, financial and legal documentation necessary for the development and registration of the REDD project. The registration of the REDD project and the subsequent prevention of deforestation preserves the ‘carbon stock’ that is stored in the rainforest. The NET carbon stock, which represents the difference between the intact carbon stock of the forest (i.e. the carbon in the standing forest) and the potential carbon stock if the land was deforested, represents the number of carbon offsets that the project will yield  certified against carbon standards such as the Voluntary Carbon Standard (VCS).

The sale of carbon offsets finance the project implementation, forest protection and generates revenue for project stakeholders (including landowners and local communities).