Bonos Aroma Del Mayab is the third project in the Bonos Jaguar del Mayab Portfolio to be verified under the Climate Action Reserve (CAR).
Ottawa, October 21, 2024 – Invert Inc. (“Invert” or “the Company”), a leading carbon reduction and removal company, and The Earth Lab (TEL), a leading Mexican carbon project developer, today announced the first issuance of carbon credits from their Bonos Aroma Del Mayab Project, the third project in the Bonos Jaguar del Mayab Portfolio (the Portfolio) to be verified under the Climate Action Reserve’s (CAR) Mexico Forest Protocol Version 3.0.
With this issuance, the Portfolio adds an additional 350,000 high-quality, North American removal credits to the market, bringing the total Portfolio volume to over 1 million credits representing vintages from 2021 to 2023.
A collaboration between Invert, TEL, and the local ejido community, Ejido Caoba, Bonos Aroma Del Mayab represents a project area of over 67,000 hectares expected to generate nearly 270,000 credits each year for the 30-year duration of the project. A community social trust receiving the majority of carbon credit revenue will benefit over 320 local families who have been actively involved in the project since its inception.
“The first issuance from Bonos Aroma Del Mayab further demonstrates our commitment to benefiting the community and biodiversity of the region and represents another significant step forward in protecting and restoring vital ecosystems,” said Andre Fernandez, CEO of Invert. “We’re proud to partner with stakeholders who share our vision for a more sustainable future and are committed to driving meaningful climate action.”
Invert and TEL are working to expand the Portfolio with the addition of new nature-based projects with further issuances expected in 2025.
About Invert
A certified B Corp, Invert is a leading carbon-reduction company committed to empowering organizations to take bold climate action. With a mission to drive global goals for decarbonization, Invert is dedicated to making a measurable impact on our planet’s future through carbon project origination and financing, and sourcing high-integrity carbon credits for businesses.
Steph Dewar, Marketing Communications Manager
media@invert.world
