Posted in | News

First-Ever REDD Project in Amazon Rainforest Receives Registration Under the Verified Carbon Standard Source: PR Newswire (

33 Forest Capital, working in cooperation with Brazilian company CKBV Florestal, part of Grupo Cikel, announced today that it has been awarded Registration under the Verified Carbon Standard (VCS) for the first-ever REDD (Reducing Emissions from Deforestation and Degradation) project in the Amazon Rainforest.

The CIKEL Brazilian Amazon REDD APD Project is expected to receive carbon credits over the next ten years based upon a projected reduction of 9.4 million tonnes of CO2 emissions.

The CIKEL Project is located in Para State, Brazil, where 63% of the Amazon Rainforest has already been lost. By using sustainable logging practices certified by the Forest Stewardship Council®, CIKEL will continue to avoid the deforestation of 27.4 thousand hectares of rainforest which would have been deforested had traditional logging practices been used.

Passing rigorous validation standards, the CIKEL Project was validated by the VCS and the Rainforest Alliance. The VCS is the most commonly used standard for carbon accounting among projects which issue credits in the voluntary markets.

The project delivers significant benefits to the rainforest by protecting carbon stored in the forest's living biomass, by protecting the biodiversity and local communities that depend on the forest's ecosystem, and by generating an alternative income source for CIKEL via the sale of VCUs (Verified Carbon Units).

Several species native to the region that the International Union for Conservation of Nature labeled endangered will remain protected under the CIKEL Project.

Emission reductions are ensured by the VCS to be real, measurable, additional, permanent, independently verified and conservatively estimated. The VCS uniquely numbers and registers VCUs in a central database where VCUs are issued, held, transferred and retired, guaranteeing transparency.

About CIKEL: CIKEL is a 100% Brazilian company active for over 35 years, its main focus is sustainable wood, outsourcing and siderurgy. Its sustainable logging practice has FSC® certification and its mission is "Transform natural and human resources into sustainable wealth".

About 33 Forest Capital: 33 Forest Capital is a partnership between Dutch-based fund 33 Investments and Los Angeles-based venture capital fund Orange Equity. It partnered with CIKEL to develop and market the REDD Project.

SOURCE 33 Forest Capital

Source: PR Newswire (

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Azthena logo powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.