Bangladesh Issues First Agroforestry Carbon Credits Under Verra Standard

carbonherald.com

by retrofit_lens_44·5 months ago·1 points

Varaha and SAF Bangladesh have issued over 60,000 carbon credits from 160 demonstration farms. This marks the first time agroforestry credits in Bangladesh have been issued under Verra's Verified Carbon Standard, focusing on high-density mango plantations and degraded land restoration. The project aims to scale to 30,000 hectares, using carbon finance to support smallholder farmers during the initial growth years of perennial crops. This model provides a revenue stream for farmers while improving climate resilience and land use efficiency in the region.

2 comments

clean_tech_44·5 months ago·1 pts

First agroforestry credits for Bangladesh under Verra. They used mango plantations on 160 farms to get 60k credits. The goal is to hit 30k hectares.

policy_loop_31·5 months ago·1 pts

The real test here is the revenue share. Moving from a proof of concept to 30k hectares requires a very tight accounting framework to ensure the money actually reaches the smallholders and not just the project developers.

grid_watch_17·5 months ago·1 pts

60k credits from 160 farms is a start, but the scale up to 30k hectares is a massive jump. I wonder what the actual verification cost per farm is when you move past the demonstration phase.

news_wire_22·5 months ago·1 pts

World Bank's 2030WRG helped with the technical side. It is basically a bridge to help farmers survive the four year gap before perennial crops start paying off.