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Community guidelines for accessing forestry voluntary carbon ... - FAO

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<strong>Community</strong> <strong>guidelines</strong> <strong>for</strong> <strong>accessing</strong> <strong>for</strong>estry <strong>voluntary</strong> <strong>carbon</strong> markets<br />

At least 100 projects are planning to use the standards, representing<br />

over 9 million ha of protected areas and over 450 000 ha of native <strong>for</strong>est<br />

restoration with total estimated annual emissions reductions of over<br />

17 million tons. Figure 8 shows the geographic distribution of projects<br />

using the CCB Standard (source: CCB Standards factsheet from http://<br />

www.climate-standards.org/).<br />

Geographic Location of Projects<br />

(includes projects validated and in the pipeline)<br />

Figure 8: Geographic distribution of projects using the CCB Standard<br />

The CCB Standard has become a requirement demanded by many<br />

brokers and investors in the <strong>for</strong>estry VCM. A recent survey confirmed<br />

that quality standards and multiple benefits are very important <strong>for</strong><br />

buyers of <strong>for</strong>est <strong>carbon</strong> credits (see Box 3). The CCB Standard was rated<br />

the most ‘highly desirable’ standard by 67 percent of respondents<br />

globally and 79 percent of VCM investors in Europe would be willing to<br />

pay a premium of at least one dollar per ton <strong>for</strong> <strong>carbon</strong> credits which<br />

have CCB verification in addition to a <strong>carbon</strong> accounting standard. These<br />

results indicate that VCM investors are indeed sensitive to the social and<br />

environmental risks and opportunities of <strong>for</strong>est <strong>carbon</strong> projects.<br />

68

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