MyCarbon seeks to develop, source, and trade high-quality carbon credits from projects concerned with Latin American forestry, land use, and renewable energy. At the same time, it supports companies in their carbon footprint reduction goals, as well as farmers in the pursuit of agricultural best practices—contributing to the sustainable use of natural resources.
This project comprises a total of 21,298 hectares of land previously under extensive beef cattle grazing, on which forest plantations are established with the aim of obtaining high-value, long-lived timber products while sequestering large amounts of carbon dioxide from the atmosphere. These forests are based mainly on Eucalyptus and Pinus tree specie rotations, with practices compatible to FSC standards for sustainable forest management.
A baseline study determined that the continuation of extensive grazing would have been the most likely use of the land. Additionality is demonstrated through the fact that the expected internal rate of return of the proposed project activity—without considering carbon finance—is lower than the benchmark internal rate of return for this type of investment in Uruguay. Moreover, a barrier analysis and common practice analysis showed that afforestation in the area of the proposed project is not likely to occur without carbon financing.
This project has resulted in a significant contribution to the sustainable development of Uruguay, through several factors: increased employment and quality of employment; rural development (decentralization); increased gross value of production; improved fiscal balance; biodiversity preservation; and improvement and preservation of soil quality. Remote sensing also monitors carbon stock changes for living and dead biomass. The potential non-permanence of stored carbon is being considered by the non-permanence risk analysis and buffer determination.
Read More
Read Less
Certifier
Standard
Verified Carbon Standard
Registry ID
VCS959
Project registration date
Crediting period term
Project design document (PDD)
PDD: Guanare Afforestation, Uruguay
Current verifier of project outcomes
Rainforest Alliance, Inc.
MyCarbon seeks to develop, source, and trade high-quality carbon credits from projects concerned with Latin American forestry, land use, and renewable energy. At the same time, it supports companies in their carbon footprint reduction goals, as well as farmers in the pursuit of agricultural best practices—contributing to the sustainable use of natural resources.
The BAESA project covers the construction and operation of the Barra Grande Hydroelectric Power Plant (HPP), a greenfield hydropower plant implemented on a single reservoir. The plant generates electricity through clean and renewable energy sources to help meet Brazil's growing demand—spurred on by the country's substantial growth in both population and economy. This, in turn, contributes to environmental, social, and economic sustainability by increasing the share of renewable energy in the country’s total electricity consumption.
Barra Grande HPP is located in the southern region of Brazil, between the city of Anita Garibaldi and the states of Santa Catarina, Pinhal da Serra, and Rio Grande do Sul. The plant uses the hydraulic potential of the Pelotas River to generate electricity with an installed capacity of 708 MW and an assured (medium) energy of 380.6 MW, on average.
Prior to the implementation of this project, no hydropower plant had been operational on what would become the Barra Grande HPP site. Barra Grande HPP reduces greenhouse gas emissions by avoiding electricity generation from fossil fuel sources, which would be generated (and emitted) in the absence of the project. Therefore, the baseline scenario and the scenario without the project activity are the same.
Read More
Read Less
Certifier
Standard
Verified Carbon Standard
Registry ID
VCS10
Project registration date
Crediting period term