The Valdivian Coastal Reserve (VCR) is located 40 km south-west of the city of Valdivia, Los Ríos Region, in a coastal section known as Cordillera Pelada. Its high ecological value is explained as it represents one of the last large fragments of Valdivian Temperate Forest in the south of Chile.
Until 2003, the land was owned by a forestry company, Bosques S.A., which had constantly been converting native forest into eucalyptus plantations, and morever, in advanced negotiations with the Ministry of Public Works for the construction of a coastal road along the property. When the company had to put the land up for sale due to economic mismanagement, The Nature Conservancy (TNC) acquired it recognizing the ecological importance of the reserve and the threats to which it was exposed.
From the ecological point of view, the RCV is home to numerous endemic species and to globally significant ecosystems, such as <em>Olivillo</em> and Larch coastal forest. The latter is one of the largest and longest living species on earth.
The project covers 1,273 ha of forest which captures about 58 thousand of CO<sub>2</sub> tons per year, through deforestation and degradation avoiding. With this, the project also protects the livelihoods and welfare of rural and indigenous communities located around the reserve. In a nutshell, the project contributes to the protection of endemic ecosystems, the conservation of local communities, and the mitigation of climate change.