Biodiversity Alliance News

Panama Canal Generates VER Carbon Credits

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest Cover Establishment Project in the Canal Watershed. The VERs are available under the financial service provider MARKIT Registry, the main global platform for management of carbon credits. These credits are based in the agroforestry, silvopastoral and reforestation activities in 2,458 hectares of the Panama Canal Watershed, following the standards established by the Climate, Community & Biodiversity Alliance (CCBA) and The Gold Standard Foundation. During the Gold Standard verification, it was estimated that forestry projects in the Watershed will remove 378,566 tons of CO2 in a period of 30 years.