Govt carbon credits to hit market

11 November 2009

APROTECTED forest will be the first biodiversity reserve in Cambodia designed to take advantage of the global market for carbon credits, according to the Wildlife Conservation Society (WCS).

Seima Protected Forest, a former logging concession in Mondulkiri, covers 3,000 square kilometres and was declared a protected area by the Council of Ministers last week.

The WCS is now assessing the amount of carbon stored in the forest. Carbon credits will then be floated on the international market under the Reducing Emissions from Deforestation and Degradation (REDD) system adopted by the UN in 2007, an extension of the Kyoto Protocol on greenhouse gas emissions.