Mangrove restoration in the in Bokpyn Township and Karathuru Township, Tanintharyi Region, Myanmar. Implemented by Worldview International Foundation in cooperation with local communities, supported by Myanmar Forest Department.
The project has very strong livelihoods, biodiversity, and resilience to climate change co-benefits.
It is actively supporting 7 of the United Nations' Sustainable Development Goals:
- No Poverty
- Decent Work and Economic Growth
- Quality Education
- Gender Equality
- Climate Action
- Life Below Water
- Life On Land
The project is rated AA.
The methodology for choosing this project is twofold.
First, there is Carbonable’s screening criteria. We select projects that represent high quality voluntary carbon credits (VCCs) with minimal risk and high potential for success. To find these projects, we work with credible project developers. This means reviewing project developers' previous projects’ impact, financial reports and checking their references to make sure they have a solid track record and meet the highest quality standards through internationally recognized certifications. We also only finance projects that actively support 3 of the 17 Sustainable Development Goals (SDGs). Then we read the due diligence of the project as released by the project certifier. In the due diligence, we expect not only to find a reliable estimate of additionality (how much carbon will be removed from the atmosphere) but also risk assessments that include baseline data, additionality, durability and a plan to avoid double counting.
Second, there is the project certifier’s screening criteria. Carbonable and Verra share many screening requirements. The primary requirements are based on carbon offset (additionality, durability, leakage). The secondary requirements are fulfillments of Sustainable Development Goals, and include social and biodiversity targets.
