18 September 2013
Carbon credits generated from protecting thousands of hectares of endangered rainforest in northeastern Madagascar have now been certified for sale, reports the Wildlife Conservation Society (WCS), the project's main organizer. The development represents the first time that credits generated by African government-owned project have been put on the voluntary carbon market.
The Makira REDD+ Project aims to protect 400,000 hectares of forest in a part of Madagascar that has suffered from illegal rosewood logging. Backers estimate the initiative will prevent emissions of 32 million tons of carbon dioxide over the next 30 years, or roughly the annual emissions of the state of Montana. More importantly, the project will help protect some 20 species of lemurs, including more than a dozen at-risk species, while creating new economic opportunities for locals living in and around the park, according to WCS.
Read more from MongaBay here.