Sunday, November 10, 2013
Carbon Credits Awarded to Moldova Afforestation Project
Two weeks ago, the Moldova Community Forestry Development Project, an afforestation project supported by the World Bank's BioCarbon Fund, was awarded 328,809 temporary Certified Emission Credits (tCERs). (tCERs are carbon credits issued by the CDM for afforestation and reforestation projects.) This Moldova A/R project, implemented by the National Forest Agency of Moldova (Moldsilva), has planted trees on 10,000 hectares of previously degraded land. In addition to carbon storage, project benefits include landscape restoration, soil conservation, and economic opportunities through sustainable forestry.