The Valparaiso Project seeks to help protect and conserve tropical forest by providing payments for ecosystem services. This type of project is known as a Reducing Emissions from Deforestation and forest Degradation project (REDD project). Project activities intended to reduce deforestation are implemented in and around a privately-owned property in the State of Acre, Brazil and are funded by payments related to emission reduction credits generated by the project. This project is being developed and registered under the Verified Carbon Standard (VCS) and the Climate, Community and Biodiversity Standard (CCBS). Project development involved meeting with the local communities surrounding the project area, engaging Acre state officials working on similar strategies at a regional/state level, developing a plan which will result in lowering the pressure on land and forest resources in consultation with the local community, and putting into operation the REDD project implementation plan.