Asunción, PY – Rotterdam, NL. 14/05/2024. Quadriz, Paraguay’s leading REDD+ project developer, has been rated by Sylvera, the most transparent and in-depth carbon credit rating agency available. The rating obtained places Quadriz’s “Corazón Verde del Chaco Project” amongst the best-rated REDD+ projects in the carbon market.
The company is the first developer in Paraguay to obtain one of the highest qualifications for REDD+ projects. The full detailed rating is available on the Sylvera platform to its subscribers.
Sylvera is a rating agency dedicated to assessing carbon credit quality and providing transparency and accountability. Through its rigorous carbon credit ratings and comprehensive analytics, Sylvera plays a pivotal role in identifying top-tier projects that deliver tangible climate benefits. These assessments are meticulously conducted by a panel of expert evaluators and carbon market stakeholders, leveraging a wealth of independent and proprietary data alongside advanced machine learning tools.
“Corazón Verde del Chaco Project” -due to its location in the “green heart” of the Paraguayan Chaco- is a high-impact REDD+ project that initially conserves 32.000 hectares of critical Chaco forest. It is registered under the Verified Carbon Standard (VCS) and the Climate, Community, and Biodiversity Standard (CCBS) with Gold Distinction for “exceptional biodiversity benefits”.
The project is situated in Puerto Casado, Department of Presidente Hayes. Besides the conservation of the forest, “Corazón Verde del Chaco Project” simultaneously preserves endangered species and a wide range of ecosystem services, provides an economic alternative to local communities, and mitigates the release of an estimated 5.6 million metric tons of carbon dioxide emissions over the first ten years of the project.
Importance of ratings
In the same way that there are agencies that rate debt markets, Sylvera rates carbon markets. With the information given by the ratings, the market actors can act confidently knowing that the carbon credits are tied to effective REDD+ projects.
As the Voluntary Carbon Market (VCM) experiences rapid global expansion, the demand for transparent evaluation of carbon credit quality intensifies. In response to this need, pioneering companies such as Sylvera have developed robust rating systems, offering buyers and traders an impartial and meticulous assessment of project integrity and impact.
This rating assesses the likelihood that the credits issued by a carbon project have delivered on their claims of avoiding or removing carbon dioxide or other greenhouse gasses (GHGs).
