VNV Advisory Services is a project developer that is developing a project in Nepal to rehabilitate red panda habitats, with funding to come from the sale of biodiversity credits to be generated by the project – including habitat restoration credits, biodiversity conservation credits, community engagement credits and sustainable livelihood credits.
Each biodiversity conservation credit will be measured based on the number of red pandas protected or habitats conserved.
Habitat restoration credits will be measured based on the area of ecosystem restored and each credit will represent a unit of land which is contributing to the restoration of red panda habitat.
Community engagement credits will be based on the number of local communities involved.
Sustainable livelihood credits will be based on teh number of local livelihoods supported or created.
VNV Advisory Services is also piloting a coral reef project in Indonesia’s West Papua under Verra’s SD Vista Nature Framework.
