Terneyles group of companies and WWF-Russia: saving valuable forests we save the climate on the Planet
Today greenhouse gas emission reduction units can be sold if they are properly verified and certified. They are bought by companies, organizations and even individuals who want to reach environmental goals and to contribute to climate change mitigation.
«In many Russia-run climate projects fulfilled in the power generating sector or in manufacturing industry CO2 emissions were reduced through installation of different filters and other equipment. This project is unique as it uses the nature potential reach its goal, notes Evgeny Chuvasov, a specialist of the Forest program at WWF Russia Amur branch.
August 2013 could be regarded the starting point of the Project when the Terneyles group of companies and WWF signed an Agreement according to which the Terneyles group commits to forego logging in about 450,000 ha of valuable forests in addition to already existing high conservation value forests where logging operations are banned according to FSC standards.
These forests will serve as a generator of so called carbon credits or CO2 emission reduction units, and will contribute to climate change mitigation. It was estimated that annually these forests will prevent the emissions of 130 000 tons of СО2.
Intact forest landscapes preserve key habitats of rare species like Amur tiger and fish owl. Rich crops of pine nuts and acorns in the Korean pine-broadleaf forests which are the richest in biodiversity in Russia sustain the stability of ungulates population. Harvesting of pine nuts and other non-timber forest products provide income for local villagers.
“The Terneyles group of companies always positions itself as an ecologically responsible company. At present, we not only offer quality products on the market and provide 3,200 jobs for our region but also maintain biodiversity and traditional use of nature resources by indigenous communities. Realization of this project will give us a chance to contribute to the climate change mitigation, notes Vladimir Sherbakov, general director of JSC Terneyles.
“If we speak about CO2 emission reduction and becoming more environmentally friendly company, the Climate project is not the only activity of our company in this direction, adds Vladimir Sherbakov. “For example, electricity for all our production is generated from wood waste: bark and wood chips. We refuse to purchase electricity; instead we use renewable energy sources which also leads to emission reduction.”
The Climate project is implemented by WWF-Russia and WWF-Germany in partnership with the Terneyles group of companieswith the support of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMU) and the German Development Bank (KfW). At this stage the project’s description document is under development. It will become later the main Project’s document. Emission reduction verification is carried out by an independent third party intended to confirm the accuracy of the reported calculations.
“The Project’s result on the regional level is attraction of investments to the environmental activities of “Terneyles”, and on the national level it is development of turnkey financial mechanism to partially compensate logging companies for the cutting moratorium they observe in the forests with high environmental or social value, notes Evgeny Lepeshkin, head of the Forest Program at WWF-Russia Amur branch.