V 3.0: Forestry Pack

A "Forest Project" under this version is defined as a planned set of activities designed to increase CO2 removals or prevent emissions by conserving forest carbon stocks.

: Deforestation and degradation currently drive up to 20% of global anthropogenic emissions.

: In 2021, the average price for forest carbon credits ranged from $4.70 to $15 per ton of CO2. 3. Management and Protection Challenges