Climate Impact X (CIX) is proposing to add the Resguardo Indigena Unificado Selva de Mataven REDD+ Project (VCS 1566) in Colombia to the list of projects deliverable into the nature-based standard contract CIX Nature X (CNX), with effect from 2 January 2024.
Under the proposal, the project will be deliverable across all vintages of CNX standard contracts, including v16-19, v17-20, v18-21, v19-22, and v20-23 which will begin trading on 2 January 2024. CIX seeks feedback on this proposal from market participants.
The proposal follows a review and analysis of potentially qualifying projects, which takes place regularly under the contract’s monitoring protocols. Preliminary analysis by CIX indicates that the project fulfils CNX’s qualifying criteria, which can be found here.
The addition of Mataven, a well-established, widely retired and large project, will help to increase the volume of credits deliverable into CNX. Eleven projects are currently deliverable into the standard contract:
- The Kasigau Corridor REDD Project Phase ll – The Community Ranches, Kenya (VCS 612)
- Rimba Raya Biodiversity Reserve Project, Indonesia (VCS 674)
- The Mai Ndombe REDD+ Project, Democratic Republic of the Congo (VCS 923)
- Cordillera Azul National Park REDD Project, Peru (VCS 985)
- REDD in Tambopata National Reserve and Bahuaja-Sonene National Park, Brazil (VCS 1067)
- The Envira Amazonia Project – A Tropical Forest Conservation Project in Acre, Brazil (VCS 1382)
- Katingan Peatland Restoration and Conservation Project, Indonesia (VCS 1477)
- REDD+ Project for Caribbean Guatemala: The Conservation Coast, Guatemala (VCS 1622)
- Reduced Emissions from Deforestation and Degradation in Keo Seima Wildlife Sanctuary, Cambodia (VCS 1650)
- Southern Cardamom REDD+ Project, Cambodia (VCS 1748)
- Rio-Anapu Pacaja REDD Project, Brazil (VCS 2252)
Market participants may provide feedback to pricing@climateimpactx.com before 30 October 2023. Feedback received will be published unless marked as confidential. Upon review of feedback received, CIX will publish a Decision Notice. Should the addition go ahead as proposed, on the day of implementation, CIX will publish an additional Implementation Notice to alert market participants that the change has come into effect.
