ICR
Under development
ID: 380

MAADEN MANGROVE PLANTATION PROJECT

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Impacts

Project Information

Project Status
Under development
Project Developer
Project Type
Sequestration / Removal
Sector
Afforestation and reforestation
Methodology
AR-AM0014
Project Description

Maaden's 30-year CDR project in Saudi Arabia aims to plant 4M mangroves - Avicennia marina in Jubail reserve and Gurmah Island to sequester CO₂, enhance biodiversity, and protect coasts. Aligned with Saudi Green Initiative, it follows ISO 14064-2:2019 and CDM-AR-AM0014. It ensures financial, regulatory, and technical additionality, long-term monitoring, and permanence. The project is expected to sequester approximately 11,867 tons of CO₂ annually, totaling 3,56,011 tons over 30 years. The project supports SDGs 13, 14, and 15 and positions Maaden as a leader in ecological restoration.

Validation Body

Validation Criteria
ISO 14064-2:2019
ICR requirements v6.0
Applied methodology
Verification Body

Media

Location

Country
Saudi Arabia
City
Jubail
Address
N/A
Geographical Region
N/A
Coordinates
27.1441848, 49.4911015
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Credits
All credit information, issuances, retirements and holders.
Est. Annual Mitigations
12K
t CO₂e per year
Est. Total
356K
t CO₂e
Crediting Start Date
AUG 6 '24
Crediting Period
30 Years

Sustainable Developement Goals

Climate Action

Take urgent action to combat climate change and its impacts

Life on Land

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

Additionality

Level 1 additionality

Baseline additionality. Compared to the baseline scenario the project needs to mitigate climate change. That is the project must implement actions that are additional to what would occur compared to the baseline.

Level 2a additionality

Statutory additionality. The project must implement actions that are beyond requirements stipulated in local legislation or regulations. Projects are statutory additional if their implementation and/or operation is not required by any law, statute, or other regulatory framework, agreements, settlements, or other legally binding mandates requiring implementation and operation or requiring implementation of similar measures that would result in the same mitigations in the host country.

Level 3 additionality

Technology, institutional, common practice additionality. The project must implement actions that are subject to barriers of implementation or accelerate deployment of technology or activities and carbon market incentives are essential in overcoming these barriers.

Level 4b additionality

Financial additionality II. The project is financially additional if it faces significant financial limitations that revenues from the sale of carbon credits mitigates or are revenues due to the sale of carbon credits are the only source of revenues. When carbon credit revenues are a precondition for the implementation of the project and/or carbon credit revenues are essential in maintaining the project operations and ongoing financial viability post-implementation, then they are considered to be financial additional II.

Level 5 additionality

Policy additionality. Implementation of actions may lie out of the scope of the host country's Nationally Determined Contributions under the Paris Agreement and, therefore, not eligible for international transfer mechanism. When project implementation goes beyond its host country’s climate objectives and lies outside of the scope of its climate action strategy towards its NDCs, it is considered to be policy additional.

Participants

An overview of all the people and organizations associated to this project. Participants, validators, verification bodies and other.

Organizations involved in the project

Saudi Arabian Mining Company (Maaden), Saudi Arabia

Project Owner

Project Proponent

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Yadgreen Agriculture Co

Project Developer

Project Developer

People involved in the project

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Rajeev Kumar

Project Participant
Documents
An overview of all documents connected to this project
Version
File size
Ingest
Kml file

1 documents

Project description

1 documents