Cikel Brasil Verde (Curitiba, Brazil) announced Thursday its forest concession in Brazil's Para State has been certified under the Verified Carbon Standard (VCS) as part of the REDD+ program.
Through using forestry practices certified by the Forest Stewardship Council (FSC), Cikel will avoid deforesting nearly 106 square miles of rainforest that would have been destroyed using traditional logging practices, 33 Forest Capital said in a release.
33 Forest Capital, which develops conservation projects that generate revenues from the REDD+ program, coordinated the certification for Cikel, and it said the project is the first of its kind in the Amazon rainforest. Over the next 10 years, 33 Forest Capital expects the project to garner carbon credits based upon projected reduction of 20.7 billion pounds of carbon emissions; in turn, Cikel will sell the Verified Carbon Units (VCUs).
The project was verified by VCS and the Rainforest Alliance.
