The Princess Project Panama is a reforestation project using the fast growing tree species Paulownia Elongata. Although it is a commercial timber plantation, the project is also being developed as a Carbon offset project by Silva Tree Panama. Following many months of development, the Princess Project is finally ready to be validated under the Voluntary Carbon Standard, the first stage of achieving certification. The official VCS auditor that has been selected for the task is the Rainforest Alliance. The Rainforest Alliance is an international non-profit organization accredited by the American National Standards Institute to ISO 14065:2007 (the international standard for greenhouse gas validation and verification bodies). An experienced Voluntary Carbon Standard (VCS) auditor will perform a number of checks on the project to ensure its design meets the VCS.

Once the Princess Project validation has been completed, the monitoring plan for Carbon sequestration will commence and the Carbon project will undergo verification to ensure the correct amount of Carbon has been absorbed by the Paulownia trees. The Rainforest Alliance will most likely be selected to perform this stage of VCS certification as well.

The Princess Project Panama continues to be sold as an investment opportunity by Silva Tree and its network of agents.