Although not much developed as far as CDM projects are concerned, the segment of reforesting is beginning to turn into a viable possibility for the generation of carbon credits.

Nowadays, there are already seven methodologies approved by UNO for the development of projects in that area (the first one being developed in 2005).  The first project registered by the United Nations Framework Climate Change Convention (UNFCC) was presented by China, in partnership with Spain and Italy, in 2006, and aimed to recuperate Pearl Rivers´s basin degraded areas.

Everything points to a successful stage of CDM projects in the foresting market, for the last barriers in the area are being removed, as the risks associated  to the keeping of forests (fires, climate changes, carbon stock alterations, etc.) are under careful analysis by the UNO Executive Committee, responsible for the approval of CDM projects.

Besides, another option for CDM projects in the reforesting segment is the Chicago Climate Exchange, an American market for emissions negotiations in which the participation is voluntary.

As it demands less bureaucracy than a CDM project registration, CCX has been considered the best option for the commercialization of forestry credits.  At present, the CO2 ton is being negotiated at around US$ 3.95 at the Chicago Climate Exchange, but it seems it will soon be more profitable.

Now, in Brazil, the companies most interested in reforesting projects are those who work with monocultures. To be able to commercialize credits, they participate in CCX negotiations and generate certificates of Verified Emission Reduction. The forestry projects are more viable for paper and cellulose industries because they have no expenses with implementation – planting trees are part of their activities.

JMalucelli & CMC Ambiental´s teamis prepared to present the best alternative for CDM projects in the forestry segment, based on their experience in the certification process according to the Kyoto Protocol as well as according to the Chicago Climate Exchange.