WASHINGTON, April 27, 2023 /PRNewswire/ — betrayalThe the world’s leading standard setter for climate protection and sustainable development announced today a strategic cooperation with Panama’s Ministry of Environment (MiAMBIENTE) to support the establishment of the country’s national carbon market.

As one of the few CO2 negative countries in the world, Panama boasts that 65% of its land is covered by the Atlantic Forest. Curbing deforestation and encouraging the expansion of secondary forests are considered essential measures to conserve the country’s key carbon sinks. Accordingly, Panama’s Emerging Carbon Market aims to stimulate and channel funding for projects dedicated to securing the future of its forests and land use activities.

By providing expert technical support, Verra helps ensure this Panama’s Carbon Market and participating projects demonstrate tangible emission reductions and eliminations – successfully protecting and promoting the country’s forests while facilitating sustainable development.

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SOURCE Betrayal