Invert Inc., a carbon reduction and removal company, in partnership with The Earth Lab (TEL), a Mexican carbon project developer, has successfully issued their first removal of Climate Reserve Tonnes from their Improved Forest Management (IFM) projects in the Yucatan Peninsula.
The projects, collectively known as Bonos Laguna Síjil Noh-Há, are a collaborative effort between Invert, TEL and local ejido communities and have been verified by the Climate Action Reserve’s Mexico Forest Protocol Version 3.0. These initiatives are designed to prevent deforestation and promote reforestation, enhancing biodiversity and increasing carbon sequestration.
With this initial issuance, the projects will introduce over 380,000 North American IFM Removal Tonnes to the market, providing a significant boost to carbon reduction efforts. They also support the local communities by creating sustainable income streams through carbon revenues, which are managed by a community social trust.
Andre Fernandez, CEO of Invert, highlighted the collaborative nature of the projects, stating, “Our partnership with The Earth Lab and the ejido communities has been essential to the success of these projects and reaching this important milestone. Their deep understanding of the local environment and commitment to sustainable practices has enabled us to develop projects that not only benefit the environment but also support the continued livelihood of the local community by bolstering our most important resource in the fight against climate change, nature itself.”
Jorge Calderón, CEO of TEL, added, “Thanks to Invert’s accurate diligence and investment, we have been able to achieve this important milestone of the project. We look forward to continuing our partnership with Invert and the ejidos to bring the remainder of our high-integrity projects to market while exploring new opportunities in the region.”
Further expanding their portfolio, Invert and TEL expect to issue additional CAR-verified credits later this year from other projects, such as Bonos X-Hazil Ruta Sian Ka’an and Bonos Aroma Del Mayab, enhancing their contributions to global decarbonization and sustainable development in the region.
