|
|
Oddar Meanchey REDD project carbon credits now on the market
Pact's Oddar Meanchey REDD project ( click to learn more) has reached a major milestone: carbon credits are now on the market. The following announcement was released by Terra Global Capital:
Terra Global Capital, on behalf of the Royal Government of Cambodia, is initiating the sale of dually-validated VCS/CCB carbon credits from the Oddar Meanchey Reduced Emissions from Deforestation and Degradation (REDD) project.
The implementing partners, Pact Cambodia and The Forestry Administration of the Royal Government of Cambodia, along with Children's Development Association, Monks Community Forestry, and Community Forestry Federation of Oddar Meanchey, have developed the first Cambodian REDD project, located in the northwestern province of Oddar Meanchey.
The project involves 13 Community Forestry Groups, encompassing 58 villages, which protect 64,318 hectares of forest through the implementation of project actions designed to mitigate a variety of deforestation drivers. The project started in 2008 and is expected to sequester approximately 8.3 million metric tons of CO2 over 30 years, demonstrating how communities can mobilize to protect their forests, generate sustainable income from carbon markets and positively impact climate change.
Interested buyers please contact sales@terraglobalcapital.com for more project information
|
