CIX 2023/3Q auction

Located in Canada, this project aims to protect 40,000 hectares of British Columbian forest over the course of 25 years or more to increase carbon storage and avoid future greenhouse gas emissions from logging operations. Over the project’s lifetime, more than 20 million tonnes of carbon dioxide is expected to be reduced, contributing to the conservation of broader regional ecosystem, which is home to bears, elks, orcas and others. 

This project is located within Sabah, Malaysia, and aims to protect and restore more than 83,000 hectares of forest. Without the project, an estimated 540,000 tonnes of carbon dioxide would have been released annually from 2016 to 2045. The area is also known to be home to high populations of elephants, banteng and orangutan, alongside endangered bird species. Furthermore, the project also aims to improve the livelihood of the local community, through greater access to clean water sources and the generation of employment and educational opportunities. 

The project aims to recover degraded grasslands in Vichada, Columbia, through the establishment of timber plantations. The increase in forest cover and sequestration of carbon through afforestation measures is expected to contribute to the reduction of emissions by over 139,000 tonnes of carbon dioxide annually. Furthermore, the project’s activities is expected to promote connectivity between ecosystems and provide more than 200 full-time employment opportunities with equal access to women and men in historically impoverished areas. 

Situated within the second largest biome in Brazil, the project aims to protect one of the most biodiverse savannah regions worldwide. The preservation area spans 11,000 hectares of native forests and grasslands to protect it from the expansion of commercial agriculture. Funding from the project is also expected to benefit the wider community, ranging from alternative sources of income for landholders to improvements in environmental-related education and upskilling programmes for locals. 

This project aims to bring fuel-efficient cookstoves to local communities in northern Uganda. Thousands of clean cookstoves are expected to be delivered over the next two years to achieve the goal of delivering 3.5 million cookstoves across the southern African region. The clean cookstoves delivered by Community Carbon aim to reduce emissions, improve health outcomes, and reduce deforestation and degradation by protecting these forests from illegal charcoal and wood harvesting. 

This project seeks to engage small emitters in Quebec and Ontario that may be otherwise overlooked to participate in climate action, by offering an incentive to integrate emissions reduction measures into their operations and value chains. These activities include improved energy efficiency for buildings, methane avoidance through waste redirection, and optimisation of transport for businesses. The project aims to achieve 2,852,000 tonnes of emissions reductions annually through 2029.