12 February 2014
NEW YORK (February 12, 2014) –The Wildlife Conservation Society announced today that the Government of Madagascar has approved carbon sales with Microsoft and its carbon offset partner, The CarbonNeutral Company, and Zoo Zurich. The carbon credit sales will support the Government of Madagascar’s REDD+ Project (Reducing Emissions from Deforestation and Forest Degradation "plus" conservation) in the Makira Natural Park and mark the first sale of government-owned REDD+ credits in Africa.
Through carbon credit sales from avoided deforestation, the Makira REDD+ Project will finance the long-term conservation of one of Madagascar's most pristine remaining rainforest ecosystems harboring rare and threatened plants and animals while improving community land stewardship and supporting the livelihoods of the local people.
Through a unique funding distribution mechanism designed by WCS and the Government of Madagascar, the funds from carbon sales will be used by the Government of Madagascar for conservation, capacity building, and enforcement activities, and by WCS to manage the Makira Natural Park. The largest share of the sale – half of the proceeds – will go to supporting local communities in the areas surrounding Makira for education, human health and other beneficial projects.