Tuesday, 21 September 2021, New York; A new publication aimed at corporations and institutional buyers looking to achieve their net zero-carbon targets, protect tropical rainforests, and directly support the global climate agreement was released today.
The publication, Paris Agreement Verified REDD+Rainforest Carbon Credits: A Buyer’s Guide provides a step-by-step guide to organizations that wish to purchase UNFCCC-verified carbon reductions accomplished by rainforest nations. Previously only available through the UNFCCC to countries and multi-lateral banks and organizations, these REDD+ forestry carbon credits can now be purchased by anyone on the REDD.plus platform.
“As governments step up efforts to strengthen the Paris Agreement at COP26, corporate action has never been more critical,” says Kevin Conrad, Executive Director, Coalition for Rainforest Nations, “This new guide helps buyers navigate the complex world of the UNFCCC and the Paris Agreement to purchase high quality carbon credits generated by countries from efforts to save rainforests.
The publication comprises key topics:
- The Climate Emergency & why rainforests are important
- The Paris Climate Agreement
- Understanding REDD.plus
- How to buy Paris Agreement Verified REDD+ Rainforest carbon credits
- The UNFCCC REDD+ Mechanism & REDD+ Results
- What makes Paris Agreement Verified REDD+ Rainforest carbon credits high quality carbon credits
In March this year, Papua New Guinea was the first country to onboard UNFCCC-verified REDD+ Results as nationally issued REDD+ forestry carbon credits. 9 million metric tons of carbon reductions went on sale to corporations, institutional buyers, and consumers. This came after a decade of international negotiations to establish the Reducing Emissions from the Deforestation and Degradation (REDD+) mechanism as a global conservation initiative under the Paris Climate Agreement.
As formalized in Article 5 of the Paris Agreement, the REDD+ mechanism was designed to "slow, halt and reverse forest cover and carbon loss" across an entire country, and now covers over 90% of the world's tropical forests. It has led to sequential declines in emissions, protected the world's rainforests over two decades, and is enshrined in the Paris Agreement.
The Coalition for Rainforest Nations is running a series of free webinars in UK/Europe and USA to promote the guide. The first webinar takes place today with media partner, Environmental Finance at 10am EST/3pm UK time, and will be followed by a Greenbiz webinar on November 18th.
To register for the Environmental Finance webinar, click here:
Download the publication Paris Agreement Verified REDD+Rainforest Carbon Credits: A Buyer’s Guide. - File size 49MB