Project Description: VCS Version 4.0 CHONGQING PENGSHUI IFM (CONVERSION OF LOGGED TO PROTECTED FOREST) PROJECT Guangzhou Guotan Assets Management Co., Ltd Add: Room 913, Tianan Developing Building, Tianan-TEP, No.555 Panyu Dadao North, Panyu District, Guangzhou, Guangdong Region, P.R.China Tel: +86 20 22885839 Project Title Chongqing Pengshui IFM (conversion of logged to protected forest) Project Version 4.0 Date of Issue 05/11/2021 Prepared By Guangzhou Guotan Assets Management Co., Ltd Contact Room 913, Tianan Developing Building, Tianan-TEP, No.555 Panyu Dadao North, Panyu District, Guangzhou, Guangdong Province, P.R.China Tel: +86 020 22885839, E-mail: zsh@guotanzichan.com Website: www.guotanzichan.com 1 V4.0 Project Description: VCS Version 4.0 CONTENTS 1 2 3 4 Project Details ........................................................................................................................... 4 1.1 Summary Description of the Project ................................................................................................................... 4 1.2 Sectoral Scope and Project Type ........................................................................................................................ 4 1.3 Project Eligibility .................................................................................................................................................. 4 1.4 Project Design ..................................................................................................................................................... 6 1.5 Project Proponent ............................................................................................................................................... 6 1.6 Other Entities Involved in the Project ................................................................................................................. 6 1.7 Ownership ........................................................................................................................................................... 7 1.8 Project Start Date................................................................................................................................................ 7 1.9 Project Crediting Period ...................................................................................................................................... 7 1.10 Project Scale and Estimated GHG Emission Reductions or Removals .............................................................. 8 1.11 Description of the Project Activity ....................................................................................................................... 9 1.12 Project Location ................................................................................................................................................ 12 1.13 Conditions Prior to Project Initiation ................................................................................................................. 13 1.14 Compliance with Laws, Statutes and Other Regulatory Frameworks .............................................................. 15 1.15 Participation under Other GHG Programs ........................................................................................................ 15 1.16 Other Forms of Credit ....................................................................................................................................... 16 1.17 Additional Information Relevant to the Project ................................................................................................ 16 Safeguards ...............................................................................................................................17 2.1 No Net Harm ..................................................................................................................................................... 17 2.2 Local Stakeholder Consultation ........................................................................................................................ 17 2.3 Environmental Impact ....................................................................................................................................... 19 2.4 Public Comments ..............................................................................................................................................