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LIMA, Oct 27 (Bernama) — Peru plans to sell carbon credits worth about US$8.4 billion to fund environmental protection, and the economies of the Asia-Pacific Economic Cooperation (APEC) would be potential buyers, China’s Xinhua news agency reported quoting the Ministry of Foreign Trade and Tourism as saying Monday.

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Tags: APEC, carbon credits, Peru Carbon

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The Campo Verde project in Peru became the first commercial reforestation endeavor with native species to be validated under the Voluntary Carbon Standard (VCS) following the AFOLU guidelines for Afforestation and Reforestation. It was validated by TÜV SÜD.

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Tags: Carbon Market, Carbon Project, Peru Carbon, Reforestation

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Peru’s environment minister now says the government will pay indigenous communities 10 sols ($3.30) for every hectare of rainforest they help to preserve, reports the Latin American Herald. Previously Antonio Brack said that communities would see about half that amount.

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Tags: Carbon Dioxide, Forest Carbon, Peru Carbon