Quadriz finances REDD+ forest conservation through its carbon offset pool, where worldwide corporations commit to purchase verified carbon offsets for compensating their unavoidable emissions.
The Gran Chaco, South America’s second-largest native forest is at immediate risk of collapsing. “Legal and irrevocable deforestation is happening at an incredible speed, with native Chaco forestland being converted into cattle grazing- and cropland. One bulldozer alone is able to deforest 1 ha. in a matter of two hours, resulting in the disappearance of 120 ha. per day in each new cattleland development, as deforestation projects work 24/7, in groups of up to 10 engines at the time.”
From 1985 to 2016 the Gran Chaco suffered a loss of 14.2 million ha. (an area the size of England) due to deforestation. During the same period, emissions from land-use change and forestry in Paraguay soared a 98% (WRI CAIT). During the past 10 years, 2.5 million ha. of the Paraguayan Chaco were lost to deforestation for cattle farming. In 2018 alone deforestation reached 255,000 ha. (INFONA).
At the current deforestation rate, by 2025, all of the still native forest areas of the Paraguayan Chaco, which under current deforestation laws can be deforested, will have been converted into cattle or croplands.
Global GHG emissions are increasing as a direct consequence of the deforestation of native forests. In fact, a quarter of all emissions worldwide are caused by deforestation, forest degradation and land use changes, incl. agriculture. In Paraguay in 2014 GHG emissions from land-use change and forestry amounted to a staggering 78.2% of the country’s total emissions. (WRI CAIT).
The only viable solution to protect and conserve the Paraguayan Chaco’s native forestland and its land carbon stock is through the issuance of high-quality carbon offsets. Verified carbon offsets provide financing for QUADRIZ to fight deforestation through the purchase or long-term lease of forest land, in fierce competition with professional land buyers, whose intention is to deforest and convert forestland into cattleland or cropland. Avoiding deforestation will also mean the conservation of indigenous people and the unique flora and fauna of the Paraguayan Chaco. Moreover, carbon financing also enables QUADRIZ to help develop and improve the livelihoods of the local communities in the Chaco through building visitor centres, small museums etc.
The carbon offset purchase commitments from worldwide corporations play a vital role in supporting QUADRIZ actions to immediately stop legal deforestation of native Chaco forest.
Purchase commitments are made in advance and include a fixed volume offtake and a down payment to immediately secure the land. This way participating corporations secure a considerable volume of carbon offsets at a fixed price to cover their needs for the compensation of their unavoidable carbon emissions. Meanwhile it allows QUADRIZ to protect and conserve the native forest land against deforestation, to certify the carbon offsets against the highest possible quality standards, and to commence its social and environmental protection programs in relation to the land.
For the development of its conservation projects QUADRIZ applies the VM0007 Methodology Framework for Reducing Emissions from avoided Deforestation and land Degradation (REDD+). Carbon offsets are issued and VCS certified and verified (Verified Carbon Standard) with additional certification under CCBS (Climate, Community & Biodiversity Standards) with Gold Level for exceptional biodiversity benefits.
Corporations choosing to pool their carbon offset requirements with QUADRIZ benefit from securing verified carbon offsets at fixed prices that act as a hedge against future price increases, whilst actively contributing to the conservation of one of the world’s main carbon sinks.
Apart from supporting the local REDD+ projects which not only deliver measurable co-benefits aligned with the aims of the Paris Agreement, but also comply with the majority of the 17 UN Social Development Goals (SDGs), each pool participant will furthermore benefit from an improved regional perception, increased ESG rating, boosted brand image aligned with Climate Action and Corporate Social Responsibility (CSR) as well as an increased level of employee engagement.
The biodiversity of the Chaco is under severe threat from the deforestation. Each pool participant enables QUADRIZ to conserve the Chaco’s diverse biome of humid and semi-arid ecosystems of riverine forests, wetlands, and savannas, which is the home of 3,400 plant species, 500 bird species, 150 mammal-, 220 reptile- and amphibian species, incl. several endangered such as anteaters, giant armadillos, crowned eagles and jaguars. QUADRIZ projects will also aim to secure the protection and conservation of several indigenous communities such as the Ayoreo, Sanapaná and the Chamacocos.
QUADRIZ projects ensure additionality to protect the biodiversity and indigenous matters in the project areas.