7 May 2015
SAN FRANCISCO--(BUSINESS WIRE)--The Kulera Landscape Reduced Emissions for Deforestation and Degradation (REDD+) Program in Malawi has successfully completed its first sale of carbon credits. This sale managed by Terra Global Capital, to The CarbonNeutral Company on behalf of its client Microsoft, provides financial resources for forest protection and building rural incomes in Malawi. The Kulera Landscape REDD+ Program is one of the largest REDD+ programs in Africa covering 455,000 hectares and benefiting the livelihoods of more than 65,000 households (or 325,000 people) in 800 villages. The Nkhotakota Wildlife and Nyika-Vwaza Community Associations partnered with Malawi’s Department of Parks and Wildlife to co-manage three key protected areas under significant risk of deforestation, Nyika National Park, Vwaza Marsh Wildlife Reserve, and Nkhotakota Wildlife Reserve. Kulera is one of only three programs in the world to achieve the triple gold recognition for its social, biodiversity and adaption benefits under the Climate, Community and Biodiversity Standard.