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August 4, 2009A reforestation project on the Plateau of Bateke in the Democratic Republic of Congo will generate important environmental benefits to the local community as well social services through an innovative financing scheme.
By reforesting 4,200 hectares of degraded land, the Ibi Bateke Carbon Sink Plantation Project will trap an estimated 2.4 million tons of carbon dioxide (CO2) over the next 30 years, generating emission reductions that will be sold to finance the expansion of the project as well as health, education and agro-forestry activities in the local community, some 150 kilometers from the capital of Kinshasa.
This is the first project in DRC to benefit from global trade in emission reductions under the Clean Development Mechanisma market-based approach that allows countries which have ratified the Kyoto Protocol to purchase carbon credits from each other, reducing greenhouse gases in the atmosphere to slow global warming.
By planting new trees, the project
serves as a
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