ShiftCarbon (CSE:SHFT), previously known as Tracesafe, has added a variety of carbon offset projects to its offering inventory.
The projects, located in Brazil and Indonesia, are REDD+, or "Reducing Emissions from Deforestation and forest Degradation," which focus on protecting and restoring threatened forests.
They also help maintain biodiversity, promote sustainable land practices, and support the United Nations' Sustainable Development Goals.
"We are thrilled to add these new nature-based REDD+ projects to our carbon offset inventory," said Qayyum Rajan, ShiftCarbon (CSE:SHFT)’s head of carbon products. "These projects will save millions of tonnes of carbon and protect hundreds of thousands of hectares of forest, while also supporting the livelihoods of local communities. We are proud to be a part of these efforts and look forward to allowing our customers to purchase even more types of high-quality, verified carbon offsets."
The new carbon offset projects have been verified by the Gold Standard, Verra's Verified Carbon Standard and the enhanced Community and Biodiversity Standards, the company said.
"Our customers can be confident that the carbon offsets they purchase from us are making a real difference in the fight against climate change," Rajan said. "We're excited to be including these projects in the bespoke offset portfolios we build for our customers. Our existing customers can already purchase or even embed these offsets into their business workflows using the ShiftCarbon trading platform.”
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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