ERA and Wildlife Works Deliver First REDD+ Project in the Congo Basin Rainforest

The 299,645 hectare Mai Ndombe REDD+ project, a former logging concession in the Bandundu Province, will avoid more than 175 million tonnes of CO2 emissions over the 30-year life of the project.

The local forest community of 50,000 Congolese villagers will receive direct benefits from the project in the form of jobs, schools, health clinics, improved food security through better agronomy and redevelopment of robust native fish stocks, and capacity building of local NGOs and Community Based Organizations all financed through transparent and equitable sharing of the carbon revenues.

The Mai Ndombe REDD+ project is the world’s largest REDD+ project to achieve validation and verification under the Verified Carbon Standard (VCS), and received Gold Level validation from the Climate, Community and Biodiversity Alliance Standard (CCBA) for exceptional climate change adaptation and biodiversity benefits.

The Joint Venture between ERA and Wildlife Works has both companies cooperating on project finance, technical development, implementation and sales of carbon credits generated from the project.

Reducing Emissions from Deforestation and Degradation (REDD) was originated by the United Nations (UN) to help stop the destruction of the world’s forests. “REDD+” goes beyond deforestation and includes the role of conservation, community development and job creation, and enhancement of forest carbon stocks among other benefits.

SOURCE Wildlife Works LLC; ERA Carbon Offsets Ltd.