Rainforest Resources Inc. (RRIF) through its subsidiary Rainforest del Ecuador announces that their application for VCUs (Verified Carbon Units) is underway. Two projects will be registered with VERRA (Verified Carbon Standard program), the world´s largest and leading voluntary program for the certification of GHG emission reduction projects. Both projects are under development following the strict standards and guidelines to qualify for the CCB Program (CCB = Climate, Community and Biodiversity), the leading framework for assessing land management projects that create net-positive benefits for climate change mitigation, local communities and biodiversity.
When carefully designed, land management projects can improve livelihoods, create employment, protect traditional cultures and endangered species, help secure tenure to lands and resources, increase the resiliency of ecosystems and help to combat climate change. The CCB Program was created to foster the development and marketing of projects that deliver credible and significant climate, community and biodiversity benefits in an integrated, sustainable manner.
The CCB Standards are used to certify such climate, community, and biodiversity benefits. The CCB Program promotes excellence and innovation from the earliest stages of project design and development to minimize risks, guarantee sustainability and generate multiple benefits that also create valuable goodwill and other ancillary returns for investors. The CCB Standards are the leading standard used in conjunction with VCS agriculture, forestry and land use projects, commanding preferential market access. Projects that meet the CCB Program rules and requirements are likely to garner preferential investment and even a price premium from investors or offset buyers who support multiple-value projects and best-practice projects.
Through effective planning and implementation, all of these positive outcomes can be achieved cost-effectively.
Regarding the first CCB Project under development, which revolves around the conservation of the 11,448 hectare Sumak Sacha Forest, as of this press release, calculations performed by Rainforest del Ecuador approximate a potential 1,419,414.73 tons of certifiable carbon in the whole of the forest.
For the second CCB Project, La Casa del Oso (The Bear´s House) involving the 9,190 hectare Ukumari Cloud Forest, calculations approximate a potential of 1,654,200 tons of certifiable carbon.
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