Thursday, October 11, 2012
A/R Credits Issued to Ethiopian Reforestation Project
An innovative Ethiopian conservation initiative, known as the Humbo Assisted Natural Regeneration project, has been issued 73,000 temporary Certified Emission Reductions (tCERs) by the CDM. The project, managed jointly by World Vision Ethiopia, World Vision Australia, and the Ethiopian government, involves local communities restoring native vegetation, planting new species, and limiting cattle grazing--these efforts have helped reforest 2,728 hectares in southwestern Ethiopia. All credits have been purchased by the World Bank's BioCarbon Fund, and all proceeds will be channeled back into local communities. Humbo A/R credits represent the second such issuance by the CDM (following the Plantar Project in Brazil--see CDM Issues First A/R Credits for Brazil Project, 4/18), and the first for Africa.