The Nature Conservancy and the National Forestry Service (CONAF) presented the countries first validated and verified forest carbon project from Reduced Emissions from Deforestation and Forest Degradation (Spanish acronym REDD) based in the Valdivian Coastal Reserve. The presentation was part of the National Forest and Climate Change Strategy that our country is implementing through the work carried out by the Ministry of Agriculture and CONAF.
The Valdivian Coastal Reserve Project is the first project aimed at generating carbon credits to preserve native forest and to prevent deforestation and forest degradation. The Valdivian Coastal Reserve ancient forests, some 50,000 hectares of native woodland and endemic species, can accumulate more than 800 tons of carbon per hectare, one of the world´s largest amounts of carbon per hectare.
Without the work carried out by The Nature Conservancy, some 350,000 tons of CO2 emissions could be released into the atmosphere. This is the equivalent to removing from circulation more than 67,000 vehicles per year.