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Chaguaral, Salta

forest conservation

Forest Conservation
carbon credits.
Conservación forestal
créditos de carbono.

Project Overview

Situated in the north of the Salta Province, Northwestern Region of Argentina, Chaguaral is a forest conservation project that responds to the alarming acceleration of deforestation in the country over the past 40 years. Argentina now boasts one of the highest deforestation rates globally, adversely affecting native ecosystems and the traditional livelihoods of indigenous communities relying in the Gran Chaco Forest for hunting, gathering, and fishing activities.

The Chaguaral forest boasts a diverse array of native species, including quebracho, algarrobo, duraznillo, guayacan, and guancar. Prior to the project’s initiation, the former property owner held a clearing permit, intending to convert the land for agricultural and livestock purposes. Strong evidence of extensive deforestation in the property’s surroundings highlights the urgent need for intervention, especially given its location on the boundary of the agricultural frontier.

The project is strategically designed to address both planned and unplanned deforestation and degradation by acquiring land with existing deforestation permits for large-scale agricultural and livestock production and repurposing it for conservation. This, in turn, avoids the emission of carbon into the atmosphere and helps preserve biodiversity. In addition, this project supports local communities through a combination of environmental and social activities aimed at improving the livelihoods of community members living in the vicinity of the project area.

Chaguaral is expected to generate +750,000 carbon credits over the project’s full life, to be certified by the Verified Carbon (VCS) and the Climate, Community & Biodiversity (CCB) Standards.

Social and Environmental Impact

Chaguaral is dedicated not only to environmental conservation but also to addressing the socio-economic needs of the local community. In 2023, Chaguaral initiated comprehensive studies on social dynamics and biodiversity.

These studies were conducted by a team of local experts from Universidad Católica de Salta (UCASAL), leveraging the university’s extensive experience in the region, notably at Finca El Paraiso, their sustainable development experimental project in the Coronel Juan Solá region of Salta. The social and biodiversity baseline studies are scheduled for completion by June 2024. The outcomes of these studies will form the foundation for our socio-environmental action plan in the Oran region of Salta.

For this project, we aim to stimulate the dynamics of the local and regional economy by creating employment opportunities, emphasizing the health and safety of our personnel, and providing comprehensive training for all our employees, fostering their skills and capabilities. Additionally, we aspire to enhance the quality of life in nearby communities through the implementation of educational programs and the development of infrastructure tailored to their specific needs. Lastly, we are dedicated to enhancing the ecological conditions of the forest and its ecosystem services, contributing to a more sustainable environment.