In the “Green Heart of the Chaco,” this project aims to reduce Emissions from Deforestation and forest Degradation (REDD+). It will initially conserve 32,000 hectares (79,000 acres) of critical Chaco forest and will be designed under two leading carbon standards known as the Verified Carbon Standard (VCS) and the Climate, Community and Biodiversity Standard (CCBS) with Gold Distinction. Furthermore, the Project will simultaneously preserve endangered species and a wide range of ecosystem services, provide an economic alternative to local communities, and mitigate the release of an estimated 2 million metric tonnes of carbon dioxide emissions over the first 10 years of the Project.
The Chaco Forest is the second largest forest in South America, after the Amazon Rainforest, and is estimated to contain 3,000+ plant species and 650+ bird- and mammal species. Further, there are an estimated 30+ species in the Chaco on the International Union for the Conservation of Nature (IUCN) Red List, including the famous Chacoan Peccary (Catagonus wagneri).
The Gran Chaco is a diverse biome of humid and semi-arid ecosystems, made up of riverine forests, wetlands, and savannas. The Chaco forest is home to 3,400 plant species, 500 bird species, 150 mammal species and 220 reptile and amphibian species, including several endangered species as listed on the IUCN red list, by not limited to:
Apart from the protection and conservation of important primary forests and wildlife corridors, such as the Jaguar corridor, Quadriz’ projects come with a wealth of additional co-benefits, and its REDD+ ‘Corazón Verde del Chaco’ project is expected to contribute with up to 15 of the UN Sustainable Development Goals.
Investing in REDD+ projects that are able to scale is essential, and a USAID report on REDD+ outlines how the scalability of REDD+ in Latin America has proven to be a key element to large-scale conservation of forests and therefore reducing emissions.