MTPL

The MTPL project involves planting eucalyptus trees. Eucalyptus grows rapidly, allowing the trees to absorb significant amounts of carbon dioxide. After just five years, the trees can be harvested for the first time. This creates a dual benefit: the wood is processed in the Mangalam Timber factory, while new growth ensures continued carbon offsetting. The eucalyptus forest continues to perform its role time and again.

The land used for planting these trees had been abandoned for decades and severely eroded by wind and water. With the launch of the project, the soil has been intensively cultivated, transforming it into fertile ground for eucalyptus trees. The trees also prevent further erosion, protecting the land for the future.

To bring MTPL carbon credits to the market, the project has completed the following steps:

1. The project developer, Mangalam Timber Products Limited, now part of Mangalam Cement Limited, conducted a feasibility study to assess whether the project could issue carbon credits.

2. Mangalam Timber Products Limited registered the project with Verra.

3. An independent auditor validated the project documents and the carbon removal claims.

4. Verra issued carbon offsetting certificates to Mangalam Timber Products Limited. Ecommit subsequently purchased carbon offsetting certificates from this project. All data and transactions are recorded and accessible in Verra's registry.

5. A third-party observer verifies shortly after planting whether a sufficient number of trees have been planted. Over the following three years, they monitor whether the appropriate mix of tree species is maintained on the plots, the land is properly cultivated, and the boundaries of the parcels are respected.