Forest Trends Showcases EcoPlanet Bamboo in 2014 State of the Forest Carbon Markets Report
15th December 2014
EcoPlanet Bamboo debuts in Forest Trends' 2014 State of the Forest Carbon Markets Report as the first bamboo company globally to successfully verify and issue carbon credits.
Combined with an increase in the project's expected validation to a total of 1.5 million tons of carbon dioxide removals over the next decade, the first verification occurred in 2014. These credits are fully issued and registered on Markit Environmental Registry.
"Although bamboo has many unique qualities, EcoPlanet Bamboo recognizes that its greatest attribute is its ability to provide an alternative fiber for manufacturing industries that currently rely on the harvesting of natural forests for their raw resource. Combined with our policy of growing bamboo only on degraded land, and as a deforestation free fiber, EcoPlanet Bamboo's projects contribute to climate change in multiple ways; through the active sequestration and storage of atmospheric carbon dioxide; through a reduction in pressure on natural forests, therefore reducing deforestation, and by providing communities in remote areas alternative livelihoods that do not rely on unsustainable management of their resources" says EcoPlanet Bamboo CEO, Troy Wiseman.
This verification marks a landmark event in the midst of growing interest around the potential of bamboo to contribute to the fight against climate change. While international organizations, NGOs and other entities push to have bamboo recognized as a unique category within forestry and land use, EcoPlanet Bamboo has proven that doing is the best way of leading. "There is no need to re-invent the wheel. EcoPlanet Bamboo developed methodologies for the quantification, monitoring and reporting of bamboo based sequestration and storage back in 2012. The successful verification of these benefits and showcasing of the project at Forest Trends' launch of the State of the Forest Carbon Markets at COP20 in Lima was the last piece of the puzzle. Bamboo's benefits are not merely a potential, they are already a reality".
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