Wildlife Conservation Society Partners with Everland to Expand Portfolio of High-Impact Products
A new agreement between the Wildlife Conservation Society (WCS) and Everland will expand a portfolio of forest conservation REDD+ projects to achieve at least 10 million tonnes of Verified Emission Reductions (VERs) per year with an estimated value of $2 billion over the next decade. Everland will provide funding for the creation, development and implementation of up to 15 REDD+ projects around the world, and will serve as the exclusive marketing agency for the VERs generated by the projects.
This collaboration with Everland stems from a mutual interest in advancing REDD+ as a mechanism to halt deforestation, mitigate climate change, protect wildlife and support local communities through market-based carbon finance.
The program builds on WCS’s long history of working on the ground to save wildlife and wild places in nearly 60 countries around the world. WCS sees REDD+ as an essential tool for tackling climate change and keeping global warming below 1.5 degrees Celsius, the goal agreed in the Paris Agreement to avoid the worst impacts of climate change.
Through this agreement, WCS will facilitate the development of new projects in collaboration with and on land owned or controlled primarily by national governments, as well as local governments, communities and private landowners.
In line with a recent civil society consensus agreement on high-quality tropical forest carbon credits, WCS and Everland share the goal of moving from project-based REDD+ support to jurisdictional or national programs or nested projects. in larger-scale programs where they exist and can maximize reduce emissions and mitigate the impacts of climate change.
Everland is a specialist marketing company exclusively representing a portfolio of some of the world’s most impactful REDD+ projects that protect wildlife and improve the well-being of local forest communities, including WCS’s flagship REDD+ project at Everland Wildlife Sanctuary. Keo Seima in Cambodia.
The Keo Seima REDD+ project started in 2010 and protects one of the largest remaining intact forests in Cambodia. It is home to the indigenous Bunong people and has one of the highest species diversity of any protected area in Cambodia. The project has issued over 16.7 million VERs avoiding over 21,500 hectares of forest loss. Last year, the project achieved a long-standing goal: to become financially viable through the sale of its VERs. Through this project, WCS has helped secure land and resource ownership for local communities, improve management of protected areas, and establish sustainable alternative livelihoods.
Todd Stevens, Executive Director of the WCS Markets Program, said:
“We need to eliminate the source of 10% of annual global emissions by keeping forests standing. REDD+ is a way to generate much-needed financial support for on-the-ground forest protection, wildlife conservation and local communities. We are delighted to partner with Everland on this work. They continue to play an important role in the success of the Keo Seima project, and they share WCS’s values and ambition to scale REDD+ projects that contribute to the positive mitigation action for nature that we need.
Gerald Prolman, CEO and co-founder of Everland, said:
“Since 1895, WCS has established itself as one of the most trusted, respected and effective wildlife conservation organizations in the world. We are extremely proud to have been chosen as WCS’s exclusive marketing partner and are delighted to “Bringing 15 new high-impact REDD+ projects to market. The projects will help meet the growing demand for high-quality REVs that companies can use to achieve their climate and SDG goals.”
About the Wildlife Conservation Society (WCS)
WCS saves wildlife and wild places around the world through science, conservation action, education, and inspiring people to value nature. WCS, based at the Bronx Zoo, harnesses the power of its global conservation program in nearly 60 countries and across all the world’s oceans and its five wildlife parks in New York City, visited by 4 million people each year. WCS combines its expertise in the field, zoos and aquariums to achieve its conservation mission. By understanding critical issues, developing science-based solutions, and taking conservation action that benefits nature and humanity, WCS focuses on the greatest challenges facing long-term conservation efforts: climate change. climate change, sustainable financing, economic and food security, and data and science gaps. . Visit newsroom.wcs.org. Follow @WCSNewsroom.
Everland markets high-impact forest conservation projects in Southeast Asia, Africa and Latin America that help governments and local communities thrive by protecting their forests and wildlife. Everland brings forest communities and businesses together in a common cause to protect some of the world’s most important and vulnerable forests. Visit https://www.everlandmarketing.com/.