Argentina has approximately 53.3 million hectares of native forests and 1.38 million hectares of forest plantations, these resources fulfilling an important role in mitigating and adapting to climate change through the provision of ecosystem services such as regulation of local and regional climate and carbon capture and storage. In this sense, the forestry sector presents a great opportunity to contribute to global commitments to reduce global warming through instruments that promote the conservation and sustainable use of native forests and the sustainable development of forest plantations, such as carbon markets. .
Voluntary carbon trading mechanisms are very underdeveloped, both in the global context and even in comparison with countries in the region that have managed to implement forestry projects for which they have obtained financing from said sources. This creates a window of opportunity to move forward in exploring and evaluating the feasibility of implementing this type of instrument in Argentina with pioneering projects that open the way to greater opportunities for the country’s forestry development.
CICLA carried out an evaluation of the potential of the Altos de Llamuco and Vilcunco establishments in relation to the capture or reduction of greenhouse gasses from their forest plantations. Based on the calculations made, a preliminary diagnosis was made of the potential access to carbon credits on potential benefits compatible with current activities in said fields (prices per CO2e tons). This information will allow the owner to know the amount of CO2 eq. currently stored in their fields and the capture potential based on the type of current activity to assess the feasibility of developing a project to obtain climate financing and/or other sources, as compensation for the capture of greenhouse gasses.
Client/Partner: Altos de Llamuco and Vilcunco Establishments