Rainforest Del Ecuador Ukumari Cloud Forest Project Summary Accepted by Verra
(firmenpresse) -
Rainforest del Ecuador recently submitted the project summary for the Conservation and Sustainable Management of the UKUMARI Cloud Forest to Verra (Verified Carbon Standard program), the world´s largest and leading voluntary program for the certification of GHG emission reduction projects. The project summary was accepted and Rainforest del Ecuador now has an account with Verra for registering multiple projects and listing verification of greenhouse gas reductions and removals through project activities.
The Conservation and Sustainable Management of the UKUMARI Cloud Forest project corresponds to the 9,190 hectare property, mentioned in prior press releases as the San Vicente de Cambugán property, acquired by Rainforest del Ecuador in October 2020. The project proposes actions for protecting and conserving the UKUMARI Cloud Forest located on the property, as well as reforesting and implementing regenerative agriculture and biodiversity-friendly agroforestry practices in the deforested areas of the property in order to achieve the project objectives of biodiversity conservation, climate mitigation and community development. The project strategy aims at transforming the community members from being the major agents of deforestation into both protectors of the forest and the major agents of RE-forestation. In terms of climate mitigation, conservation of the UKUMARI Cloud Forest will prevent carbon emissions from entering the atmosphere while reforestation and regenerative agriculture practices on the property will drawdown carbon from the atmosphere. Avoiding carbon emissions by protecting forests and drawing down carbon through natural carbon capture by plants are global imperatives that must be carried out as soon as possible.
Currently, Rainforest del Ecuadors technical team continues to develop the project design and documentation following the strict standards of Verras Climate, Community and Biodiversity Program. Completion of the project design and documentation stage is expected by the end of January 2021 when the finalized project documents will be submitted to Verra for review. Once Verra approves the project documentation, the project proposal will undergo a 30-day public comment period after which project validation by an independent third party can take place. Once project validation is complete Rainforest del Ecuador will use the status and credibility of the project listing on the Verra website to channel funding for project execution.
This Press Release contains certain forward-looking statements that are based on managements expectations, estimates, projections and assumptions. Words such as expects anticipates plans believes scheduled estimates and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the companys behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of this report.
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Contact : info(at)rainforestresourcesinc.com
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