February 1, 2007 - The Panama Native Species Reforestation Project in Panama is the first project to meet the stingent Climate, Community and Biodiversity Standards (CCB) established and implemented by the Climate, Community and Biodiversity Alliance (CCBA).
The market for voluntary carbon offsets grew from virtually unheard of to a robust market during the decade of the 00's. In response to questions related to the legitimacy, quantification and other issues about carbon offsets, a number of different certifications were developed, each addressing different market niches. CCBA is highly regarded for its rigor associated with forestation offset projects such as this one.
CCBA was established by and is supported by numerous highly regarded organizations such as the Nature Conservancy, Conservation International, the Rainforest Alliance and the Center for International Forestry Research.
Carbon offsets represent a complementary strategy for addressing climate change. Organizations can go above and beyond their own emissions reductions to help fund emissions reductions elsewhere in the world. In the case of CCBA-certified projects, these offsets not only reduce carbon dioxide, but also contribute to the local economies and help protect biodiversity.
This is one in the series of "Climate Decade in Review" posts on this blog that began in January 2010. These posts present climate-change-related events that occurred during the 00's, the warmest decade in recorded history.