Joint Development of Forest Carbon Credit Project to Address Greenhouse Gas Emissions

On April 5, 2024, a significant agreement was signed to jointly develop a Forest Carbon Credit project aimed at tackling climate change. The initiative is built on the REDD+ framework (Reducing Emissions from Deforestation and Forest Degradation), a globally recognized strategy to cut greenhouse gas emissions by protecting vital forests.

The project will focus on preventing deforestation, halting forest degradation, and promoting sustainable management practices. These efforts generate high-integrity carbon credits, where each credit represents one metric ton of avoided CO2 emissions. The sale of these credits provides a sustainable revenue stream, funding ongoing conservation work and supporting the economic livelihoods of local communities. This partnership creates a powerful, market-based solution that aligns environmental preservation with sustainable development goals.

A sprawling forest showcasing the beauty of nature's biodiversity.