100 Tonne 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.
.
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
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