Carbon Streaming Announces First Carbon Credit Stream Investment Into A Blue Carbon Project
05/17/21, 7:11 PM
Location
torontoCarbon Streaming Corporation (“CSC” or the “Company”) is pleased to announce its first carbon credit streaming investment. CSC has agreed to invest US$6 million to implement the proposed MarVivo Blue Carbon Conservation Project in Magdalena Bay in Baja California Sur, Mexico which is focused on the conservation of mangrove forests and their associated marine habitat. The project is anticipated to be one of the largest blue carbon conservation projects in the world and once implemented will reduce estimated emissions by 26 million tonnes of carbon dioxide equivalent (CO2e) over 30 years by conserving and sustainably managing approximately 22,000 hectares of mangroves and 137,000 hectares of its marine environment across Baja’s largest mangrove forest.
Company Info
Company
The Mar Vivo Blue Carbon Conservation Project
Location
toronto, ontario, canada
Additional Info
The MarVivo Blue Carbon Conservation Project is being developed by Fundación MarVivo Mexico, A.C. and MarVivo Corporation in partnership with Mexico’s National Commission for Protected Natural Areas (CONANP). The non-profit groups Fins Attached, NAKAWE Project and Migamar, as well as the local communities of San Carlos (population ~5,000) and Lopez Mateos (population ~3,000), are also involved in the project. It is anticipated that the project will be certified through the Verified Carbon Standard (VCS), the Climate, Community & Biodiversity Standard (CCB) and the Sustainable Development Verified Impact Standard (SD VISta), all of which are administered by Verra.