Paracel is working to obtain VCS carbon credits

Paracel is working to obtain VCS carbon credits

Carbon credits are a tool of the carbon market and represent one tonne of equivalent CO2 absorbed or avoided in the atmosphere. These credits are generated by different types of sustainable projects that reduce, remove or avoid greenhouse gas (GHG) emissions.

These credits can be purchased and used by other companies or organizations that need to offset their own emissions. In this way, carbon credits create a market where emission reductions can be bought and sold.

It is important to highlight that, to generate carbon credits, projects must meet quality and verification criteria established by carbon standards, which ensure that emission reductions are real, measurable and permanent.

These credits are verified by organizations specializing in carbon standards such as Verra, which with its Verified Carbon Standard (VCS) program, is the most used standard worldwide with more than 1300 certified projects that have reduced or eliminated more than 200 million tons of carbon and other greenhouse gases from the atmosphere.

How can Paracel generate carbon credits?

PARACEL carries out activities such as afforestation and reforestation (plantation) with eucalyptus, as well as the conservation and restoration of native ecosystems, so it can generate carbon credits by removing and avoiding GHG emissions.

How many carbon credits can PARACEL generate?

It is estimated that Paracel can generate 24.5 million credits through the activities carried out in its forestry component. ,