More than 8.3 million VCUs were issued to Colombian projects in 2021, the second-highest number of annual issuances since the implementation of the carbon tax in 2016. The highest number was in 2018.
In Q4/2021, 94.5% of VCUs were issued to REDD+ projects, which have consistently issued more than 90% of VCUs in previous quarters.
To date, more than 80% (18,877,384) of retired VCUs from VCS projects in Colombia were retired for the purpose of satisfying carbon tax liabilities.
|Afforestation, Restoration, Reforestation||11|
*One VCU represents one tonne of carbon dioxide equivalent that was removed from the atmosphere or not emitted.
Greenhouse gas equivalencies for emission reductions and removals were calculated using the EPA Greenhouse Gas Equivalencies Calculator
|Project Type||VCUs||Percentage of Total|
ALM – Agricultural Land Management
ARR – Afforestation, Reforestation and Revegation
IFM – Improved Forest Management
REDD – Reducing Emissions from Deforestation and Forest Degradation
WRC – Wetland Restoration and Conservation