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Cars Volkswagen Published by J. Doe

Volkswagen starts development of climate projects for CO2 compensation

We are delighted to be driving forward another element of the Volkswagen Group 's climate protection strategy with Permian Global being a developer of successful climate protection projects. The planned projects focus on the protection of endangered forests in the tropics and subtropics. Protecting and expanding these very effective natural CO2 sinks is an important task the Intergovernmental Panel on Climate Change has repeatedly emphasized, said Ralf Pfitzner, Head of Sustainability at the Volkswagen Group. Volkswagen Group Permian Global

Scope of climate protection projects

Under the terms of the agreement, the two companies will initially develop projects on a total area of one million hectares, ten times the size of Berlin, in South America and Asia. The projects will have multiple benefits: protection and restoration of threatened tropical forests; local communities will benefit in the long term through sustainable alternatives to deforestation; biodiversity will be preserved and; at the same time a contribution will be made to overcoming the climate crisis. All projects will be independently audited and certified according to the highest standards, in particular the Verified Carbon Standard (VCS) and the Climate Community and Biodiversity Standard (CCB) or Gold Standard.

The Volkswagen Group has committed itself to the Paris Climate Agreement. The company adopted a decarbonisation strategy in 2019 with the aim of becoming a net CO2-neutral company by 2050. By 2025 the company wants to reduce the carbon footprint of passenger cars and light commercial vehicles across the entire value chain by 30 percent compared to 2015.

The Volkswagen ID.3 is the first vehicle in the Volkswagen Group to be delivered to customers net CO2-neutral. To compensate for the currently unavoidable CO2 emissions from the model, the Volkswagen Group is already supporting the Katingan Mentaya Project, a tropical peatland restoration and conservation project on the Indonesian island of Borneo.

Permian Global is a business that is working to drive large-scale recovery and protection of natural tropical forests, recognising the vital role forests can play as a means of tackling climate change. And along with its partners, Permian Global is not only making a significant contribution in efforts to addressing climate change, but also enabling the restoration of vital biodiverse ecosystems; supporting local economic growth; while also making substantial and demonstrable contributions to achieving the UN SDGs.

The Katingan Mentaya Project protects over 150,000 hectares of tropical peat swamp forest in Central Kalimantan on the Indonesian island of Borneo.

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Jun 06, 2020 at 11:38

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