Project 007 – Licensed to Grow
Global Carbon Registry (GCR) – High-Quality Forestry project in Terengganu Malaysia - Dungun Forest Concession USD $9.95
Website: Terengganu Forest Project
Malaysia’s landscape was once almost entirely cloaked in majestic, ancient tropical rainforests, among the most biodiverse, carbon-rich, and ecologically vital ecosystems on the planet. Today, forests still cover about 54% of the country’s land area, serving as a crucial natural asset for climate regulation, water security, and biodiversity conservation. However, these irreplaceable forest ecosystems face increasing threats from accelerating deforestation, unsustainable logging practices, illegal extraction of forest resources, and the relentless spread of agricultural and urban development. Protecting and restoring Malaysia’s forests is not only an environmental priority but also a national and global imperative.
The Dungun Forest Concession, located in Terengganu, Malaysia, is leading the way in forest conservation. Covering 20,000 hectares within the FSC-certified Dungun Timber Complex, the project is managed by Kumpulan Pengurusan Kayu Kayan Terengganu (KPKKT) and forms part of a larger 123,962-hectare sustainably managed forest area.
This initiative focuses on protecting forest ecosystems while enhancing their ability to store carbon, support wildlife, and provide long-term environmental benefits. Using proven techniques like extended harvest cycles and natural forest regeneration, the project helps forests grow older, healthier, and more resilient, absorbing more carbon and providing better habitat for biodiversity.
By aligning with the Malaysian National Forestry Act and achieving Forest Stewardship Council (FSC) certification in July 2024, the project meets the highest international standards for sustainable forest management. This ensures that all practices are environmentally responsible, socially beneficial, and economically viable.
More than just a forest project, this is a nature-based climate solution. It generates high-integrity carbon credits verified under globally recognized standards, making it a compelling opportunity for climate-conscious investors, companies, and stakeholders looking to meet sustainability goals while protecting one of Southeast Asia’s most vital ecosystems.
These should be part of every corporate carbon offset or investment portfolio, with 100,000 listed on CTX at $9.95 (negotiable) and larger volumes available for CTX or OTC trades.
“CERCarbono credits listed on CTX”
After years of ‘discussions’, the first batch of CERCarbono credits are listed on CTX – as CTX “CER” (for CERcarbono ) the Project IDs start with CDC rather than CDM or CTX, available for Buy to Transfer or to Retire. The credits are certified, issued and registered in the EcoRegistry in Colombia, which, since the implementation of its carbon tax, has allowed a portion of that tax to be met using offsets from specific credit standards – and CTX is the only place you can buy them all. The Carbon Tax scheme accepts projects listed under standards from Verra’s Verified Carbon Standard (VCS), the Clean Development Mechanism (CDM) (CDM CERs and CTX UN CERs), Gold Standard, BioCarbon and CERCarbono. Of course, most of the credits listed on CTX may not be eligible for the tax offset, having matured past the rolling vintage year cutoff, but that still makes them high quality. The Carbon Tax allows credits within 5 years, in other words, vintage 2020+.
Nature-Based Carbon Capture and Storage – Blue Carbon
A proven and legitimate CCS Solution
“We bring the receipts” – don’t be fooled by the marketing hype of the big announcements.
The reason the Rugby World Cup (“RWC”) and Paris Olympics had Mangroves (Nature-Based CCS) as their top priority for their carbon offsets is because they did their homework as we did at CTX and GCR. In mid-2024, when CTX won part of that Tender to “RWC”, there was a global scarcity and the “RWC” budget price was small.
Today the most expensive and fungible ‘legitimate’ CCS project in the world is the Verra VCS Blue Carbon project in Pakistan that traded on CTX recently at $33.00 (under 500 tons), and the Blue Carbon GCR credits listed at €7.00 ($8.20) with solid trades over 1,000 tons on CTX recently. These projects have hundreds of pages of documents supporting them, including legitimate 3rd party scientific monitoring and verification reports, all readily available via the Project (i) button on CTX on every listing.
Ask yourself why major corporations are willing to sign ‘contracts’ for future CCS credits for over $200 or $300 per credit, from projects that haven’t started or have unproven technology? Worse still are some Puro Earth credits selling for $hundreds with 2- 3 page ‘audit certificates’? If a Biochar ‘audit certificate’ only verifies they burned the timber, we consider these are fake Carbon Credits issued for burning charcoal, and there is no proven soil-based carbon sequestration in the earth, much less any permanence.
Want the receipts (evidence)? Our CTX CEO will be happy to show you; just email info@ctxglobal.com.
Carbon Trade eXchange (CTX) conducts integrity, technology and credit standards reviews on all the Registry and Credit Standards CTX engages with. To be clear… Puro Earth is not on that list for these reasons!
In the Global Carbon Registry (GCR), its Blue Carbon methodology listed on CTX, you can Click the Information (i) button to link to the project in the Registry and see for yourself not only the extensive scientific support for the carbon sequestration and permanence, but GCR has also allocated 25% of issued credits (each vintage) to the Buffer Account which will be used in the unlikely event of the project under performances in future. The GCR Buffer Reserve WILL be applied if proven underperformance is identified via 3rd party monitoring reports, unlike Verra with the Kariba project in Zimbabwe. Any legitimate concerns (not media or competitors’ skulduggery) will trigger a proper investigation by GCR, then possibly a monitoring report, and action if required accordingly – not the media sensationalism and unsubstantiated project financial devastation we saw in Zimbabwe. For the record, there are over 5 million Kariba credits in the Verra VCS Buffer account that remain unutilised, and no review has been finalised nearly 18 months later. The CEO ‘retired’?
It’s a New World Carbon Order – at GCR = old school and straight up, with the world’s leading technology.
New Small Fee for CDM and CTX CER Buyers
Ultra-low prices are great for Buyers – not so for CTX
In the past year, some of our older UNFCCC CDM and CTX CERs have softened further to $0.50 cents on 50,000-ton trades. CTX is the only place you can buy or sell these electronically. But a 2% fee alone is not sustainable for us on low-value small-volume trades as we have run a sustainable business for over 17 years. For CTX members, we have had to add a 5 cents per credit fixed fee (0.05) in addition to the 2% buyer fee. Apologies for this, but we do not have $200 million to lose (and we wouldn’t if we did).
Over the past year, we’ve seen continued softening in the market for many credits, CTX remains committed to providing transparent, accessible market infrastructure for our members. Unlike some competitors, CTX operates as a financially responsible, for-profit enterprise — we are here to build a viable future, not to absorb hundreds of millions in losses. For perspective, Xpansiv Limited recently reported a $229 million loss for 2024 in their public accounts – which raises serious concerns amongst industry experts about long-term viability and sustainability as a business.
Check out this awesome portfolio we recently created for a re-seller broker.
Projects of The Month
1. Gold Standard
Safe Water (Listed as ‘Energy Efficiency’) – (4 SDG’s)
Sierra Leone (Africa) – EUR €5.20
Sierra Leone faces significant challenges in providing safe water, particularly in rural areas, where over 50% of the population lacks access to an improved water source. Even where improved sources such as boreholes are available, it is estimated that approximately 95% of sources are contaminated by diseases linked to poor sanitation such as E-coli. As in other parts of sub-Saharan Africa, the lack of access to safe water or to any other means of purification means that rural households are forced to boil water in order to purify it, thereby causing significant damage to ecosystems and releasing carbon dioxide into the atmosphere.
The project owner is working closely with CODE-SL, a local organisation in Sierra Leone, to rehabilitate and maintain boreholes and to ensure that good sanitation practices are followed in communities. The sanitation element is crucial, as it is crucial to keep the area around the borehole free of contamination to ensure that safe and clean water continues to flow for the community. The project is initially being implemented in Kono district in the East of Sierra Leone and will hopefully expand to other districts in the coming years.
In the initial phase of the safe water project in Sierra Leone, communities throughout Kono district are gaining access to safe water and receiving comprehensive support on how to maintain the borehole. Village Pump Minders are receiving extensive training on borehole maintenance, whilst whole communities are being engaged in good sanitation practices to ensure that the borehole cannot become contaminated. This is greatly reducing pressure on the forests by reducing the need for firewood, whilst ensuring that time spent collecting water and firewood is greatly reduced for all community members, in particular women and children, on whom the burden of these tasks falls disproportionately.
2. CDM UNFCCC
Small Hydro – (4 SDG’s)
Armenia (Europe) – USD $0.70
The Small Hydroelectric Power Plant is a modern, 5.958 MW, grid-connected renewable energy facility strategically located on the scenic Akhuryan irrigation canal in Armenia’s picturesque Shirak region. It efficiently generates clean, sustainable hydroelectric power, playing a pivotal role in Armenia’s proactive climate change mitigation strategy. By supplying electricity to the Armenian Electricity Network (AEN), the project actively supports the country’s dynamic transition toward environmentally responsible and sustainable energy production, significantly reducing dependency on volatile, imported energy sources and reinforcing national energy sovereignty.
This transformational initiative delivers a profound socio-economic impact on the region. It creates meaningful employment opportunities for both skilled professionals and unskilled labourers, particularly in a region grappling with chronic unemployment. Through hands-on involvement, local workers receive invaluable training and cultivate long-term expertise in construction techniques and renewable energy technologies. Furthermore, the project contributes an estimated $200,000 annually in substantial tax revenues and attracts $2.5 million in robust private investment, stimulating local economic activity. The use of domestically manufactured equipment amplifies these benefits by promoting Armenia’s emerging green technology sector.
From an environmental standpoint, the project ensures minimal ecological disturbance, as verified by a comprehensive Environmental Impact Assessment (EIA). It preserves river water quality and safeguards community well-being, reinforcing its status as an eco-friendly infrastructure model.
Aligned with Armenia’s forward-looking national energy strategy, the project directly contributes to ambitious policy goals aimed at expanding renewable energy capacity and curbing reliance on imported fossil fuels, particularly natural gas. By decreasing capital outflows and nurturing energy self-sufficiency, it strengthens Armenia’s resilient sustainable development framework. The initiative exemplifies how innovative clean energy solutions can successfully align with national priorities, while delivering substantial environmental, economic, and social benefits. It is estimated to achieve average annual emissions reductions of 8,734 tCO₂e, totalling approximately 87,340 tCO₂e over its operational lifespan, marking a significant contribution to global climate goals.
3. Gold Standard
Plastic Recycling (Listed as ‘Energy Efficiency’) (10 SDG’s)
Romania (Europe) – EUR €21.95
PET plastic is widely used in packaging, is NOT biodegradable but is fully recyclable. This unique project creates Carbon Credits for its amazing process. On a global scale, a constant increase of plastic consumption is recorded and unfortunately most of it does not enter the recycling circuit, but ends up in the environment, with disastrous effects for the natural ecosystem. The entire activity concentrates on collecting and recycling PET waste, getting high quality recycled plastic products: PET flakes, PET strap and granules – of great use in various industries.
The purpose is to counteract the negative impact on the environment, while the goal is to recreate the vital balance that help all people realize that they are apart from the whole and therefore the quality of their life depends on the quality and cleanliness of nature. Production of new resources results in the reduction of CO2 emissions by up to 48% compared to the production of the same articles using virgin PET material. Electricity consumption reduced by 30% compared to the production process from virgin material. Fossil fuel savings by up to 75% compared to virgin PET production process.
By supporting this project, you advocate the protection of the environment, the improvement of the quality of life, but also the regional economy.
4. Global Carbon Registry
Blue Carbon (10 SDG’s) – Nature-Based CCS
Italy (Europe) – EUR €7.00
Blue Carbon: Nature Based Carbon Capture and Storage – Coastal ecosystems host the important bio-systems and ecosystems worldwide, including at risk Wetlands and Mangroves; being simultaneously some of the most economically relevant and vulnerable ecosystems on Earth. These Coastal ecosystems, such as salt marshes, seagrass meadows and mangrove forests, provide fundamental Ecosystem Services. Coastal ecosystems provide a unique natural landscape, enhance biodiversity, support commercial fisheries, protect coastal regions against erosion and storms, provide ecotourism revenues, and act as efficient natural carbon sinks, helping to offset CO2 emissions and fight climate change. All contributing to a sense of place.
Coastal ecosystems are highly efficient at capturing and storing carbon dioxide CO2 from the atmosphere. They sequester carbon at rates that can be several times higher than terrestrial forests. By protecting and restoring these ecosystems, we can effectively reduce the concentration of CO2 in the atmosphere, which is crucial for mitigating climate change. The Italian “Valle Paleazza” project is a temperate H.C.W. (human controlled wetland) area. Since 2010 many organizations are involved in projects to generate “Blue Carbon” from these temperate areas and provide a means to conserve and restore coastal ecosystems, sequester carbon, support biodiversity, protect coastal communities, and offer economic benefits, all while contributing to global climate change mitigation efforts.
For OTC Buyers please email trading@ctxglobal.com
CTX Members – if you have any questions, please email operations@ctxglobal.com
Thank you all for your contributions to help save the planet for our future generations.
