Cool Earth Action - Keeping carbon where it belongs
Cool Earth partners create first REDD project
06 March 2008
Fauna and Flora International, Cool Earth's partners in Brazil and Ecuador, have reached an historic agreement with the governor of the Aceh province in Indonesia, Irwandi Yusuf, to protect over 1.8 million acres of the Ulu Masen rainforest.
The project is expected to generate 3.3 million credits each year, once the much anticipated global market in carbon credits begins in 2009, and will be worth an estimated $18.5 million. The money will be used to finance wildlife conservation and livelihoods projects.
It is the first REDD initiative to be approved by the organisation responsible for overseeing such projects, the Climate, Community and Biodiversity Alliance.
Find out more about Aceh province.
Bookmark this page:
