Juma Sustainable Development Reserve: The ... - The REDD Desk

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Amazonas Sustainable Foundation
3.3.4 . Permanence
The carbon credits benefi ts from this project will be entirely destinated to the voluntary
carbon market of emissions compensation, which is being developed in partnership
with Marriott International.
Specifi c reserves will be created to guarantee the fi nal delivery of the RED credits
that will be used on the partnership with Marriott International. These reserves will
keep on hold most part of the carbon credits during the crediting periods, making
these credits available as the carbon credit certifi cates are emitted for the subsequent
periods.
This way, a non-permanence buff er will be created, as an “Investment Risk Management
Strategy”. This buff er was dimensioned based on the Risk Assessment of the
Voluntary Carbon Standard – VCS, that asses a range of questions to rate the level of
risk among low, medium and high. By applying this Risk Assessment specifi cally for the
Juma Project, the fi nal value obtained for the buff er was 10%, which are applied to the
fi nal reduced emissions generated by the project and are presented below.
3.3.5 Monitoring
For the reservoirs of CO 2 , the project will use the most recent data and images from
INPE/PRODES to conduct an analysis of the real deforestation rate. The SimAmazonia I
model establishes the scenario (i.e., the “business as usual” scenario) that will be compared
to what is actually happening on the ground. To follow the deforestation and the
carbon dynamic it will be necessary to (i) monitor by satellite and (ii) perform in loco
monitoring. This site-level monitoring of the carbon stocks will involve both local communities
and researchers. The overall monitoring strategy comprises the following four
components:
Monitoring by satellite: Brazil has developed one of the most advanced deforestation
monitoring system in the world (with a resolution of 812 m 2 ). INPE makes its images
available to the public, and, through the use of this system, FAS, in addition to any
interested citizen, is able to monitor deforestation using the data available on the INPE
website. (http://www.obt.inpe.br/prodes/index.html). SIPAM provides Landsat images
for selected areas of the Amazon.