Carbon Green Investments Pulls Kariba And Chirisa Projects From VCS Amid Challenges

Carbon Green Investments (CGI), a prominent firm in the environmental sustainability sector, has officially announced the withdrawal of the Kariba REDD+ Project and Chirisa REDD+ Project from the VCS GHG program registry. This strategic decision, effective immediately, follows extensive deliberations and a detailed review of the projects' engagement over the past seven months.

The decision to transfer these projects to an alternate GHG program was driven by several challenges that hindered their effective management and operations. Significant issues included prolonged communication delays and inadequate engagement with relevant bodies, impacting the projects' implementation and CGI's business operations.

CGI has cited several specific issues which led to the decision to transfer the projects:

• Engagement and Cooperation: CGI faced considerable challenges, resulting in extended periods of uncertainty that affected the projects' beneficiaries, staff, and business operations.
• Communication Delays: Persistent delays in addressing inquiries and providing necessary access to information significantly hindered CGI’s business and project management capabilities.
• Account Access and Transparency: Lack of access to necessary data, coupled with unexplained modifications, raised serious concerns about transparency and operational integrity.
• Project Impact: These administrative challenges caused reputational damage and financial losses for all beneficiaries, compelling CGI to act in the best interests of the communities and stakeholders.

Transition to New GHG Program

Both projects are now in the process of finalizing their registration applications with a new Greenhouse Gas (GHG) program. They are scheduled for imminent revalidation and verification. CGI is committed to adhering to the highest standards of transparency and accountability, ensuring the integrity of the projects and the credibility of the issued credits.

CGI, along with the appointed Validation & Verification Body, will continue to engage with VERRA as necessary throughout the revalidation process. CGI expects full cooperation from VERRA to facilitate a smooth transition and efficient handling of the credit transfer process, safeguarding the interests of all beneficiaries.

Future Prospects

CGI is withdrawing from VERRA after 12 years of collaboration but remains optimistic about its future under the new program. The firm is committed to fulfilling its environmental goals and ensuring the continued success and integrity of its projects.

For further information, please contact Carbon Green Investments at: [email protected] or [email protected].

About Carbon Green Investments (CGI)

Carbon Green Investments (CGI) is a leader in developing and managing environmental sustainability projects, focusing on innovative solutions for carbon reduction and ecological conservation. Established with a mission to combat climate change through effective carbon management, CGI specializes in Reducing Emissions from Deforestation and Forest Degradation (REDD+) projects and other sustainable initiatives that contribute to global environmental integrity.

CGI is committed to transparency, accountability, and excellence in all aspects of its operations. The firm partners with various stakeholders to ensure the success and credibility of its projects. Through strategic approaches and a dedicated team, CGI strives to create significant environmental impact and sustainable value for communities and ecosystems worldwide.