24 September 2013
The Oddar Meanchey REDD+ (Reduced Emissions for Deforestation and Degradation) project in Cambodia is the first in the world to complete verification of emission reductions under the Verified Carbon Standard (VCS) with a triple gold Climate, Community and Biodiversity (CCB) accreditation for emission reductions. The CCB triple gold verification combined with the use of a VCS methodology that is recognized for its integrity, sets this project apart from others as delivering the highest community, biodiversity, and adaptation impact benefits along with robust accounting for emission reductions. The project is being implemented by the Forestry Administration of the Royal Government of Cambodia, Pact, Terra Global Capital, Children’s Development Association (CDA) and the communities of the Oddar Meanchey province, with implementation funding support provided by the Terra Global, Clinton Foundation, United Nations Development Programme (UNDP), Japan International Cooperation Agency (JICA) and Pact. Start-up funding for the project was provided by DANIDA, NZAid or DFID and with legal counsel provided by Sok Siphanna and Dentons (on a pro-bono basis).
Read more from the Herald Online here.