Sunday, 28 June 2009

America Provides US$8.5 Million for Forest Conservation in Cambodia – Friday, 26.6.2009

Posted on 26 June 2009
The Mirror, Vol. 13, No. 618
http://cambodiamirror.wordpress.com/

“A statement of the US-based Terra Global Capital said yesterday that this organization and Cambodia had signed an agreement about a project which intends to conserve 60,000 hectares of forest and solve problems for the local people who are cutting down trees to create charcoal to earn their living.

“The statement added that this project will be implemented in Oddar Meanchey and it is expected to continue over a period of 30 years. It is the first Reduced Emissions from Deforestation and Degradation project in Cambodia.

“The statement continued that Terra Global Capital had signed an agreement with the Cambodian Forestry Administration to deal with the [international] marketing of carbon credits for the forest which is being maintained by people. This organization will develop a method to measure and monitor the carbon dioxide locked away from the air by the conserved forest in that area, where the rate of deforestation was 3% between 2002 and 2006. This organization creates nine groups of forest communities comprising more than 50 villagers who join to conserve the forest to avoid the cutting down of trees to produce and sell carbon offset credits that will assist all people of that area.

“The director of Community Forestry International, Mr. Mark Poffenberger, who initiated this project said, ‘The success of the Oddar Meanchey project opens the door to long-term financing for Cambodia’s national community forestry program, which could eventually encompass and protect over 2 million hectares of forest.’ The plan in Cambodia is under a project supported by the United Nations called Reduced Emissions from Deforestation and Degradation, which aims to help developing countries to conserve their forests.”

Deum Ampil, Vol.3, #220, 26.6.2009
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Friday, 26 June 2009

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