2 January 2014
Libreville — Burkina Faso, benefitting from the close support of the African Development Bank (AfDB) and the World Bank, has successfully become a member of the Forest Carbon Partnership Facility (FCPF).
This now qualifies Burkina Faso as a REDD country and, with the award of a US$3.8 million grant, allows it to put in place the necessary policies and systems needed to effectively operationalize the Reducing Emissions from Deforestation and Forest Degradation (REDD ) mechanism, according to a statement issued by AfDB on Friday.
It said this marked a significant step forward for Burkina Faso, a Sahel country where wooded areas and forests cover approximately 13 million hectares, roughly equivalent to 43 per cent of the total land area, and forest reserves account for almost 4 million hectares.
The statement said despite these abundant forest resources, annual deforestation was estimated to be 107,000 hectares per year, while degradation was estimated at 0.5 million hectares per year.
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