CAMBODIA SIGNS AVOIDED DEFORESTATION CARBON AGREEMENTS FOR VOLUNTARY CARBON STANDARD PROJECT  2009-06-24

In a ceremony held last month in Samraong, Cambodia's Forestry Administration, in partnership with Community Forestry International, Pact and Terra Global Capital, signed agreements with 9 community forestry groups to develop and market carbon credits for a Reduced Emissions from Degradation and Deforestation (REDD) project in Oddar Meanchey province. Earlier in the same month the Forestry Administration and Terra Global Capital finalized their carbon agreement marking a critical step in the development of Cambodia's first avoided deforestation project for registration under the Voluntary Carbon Standard (VCS). These agreements mark the culmination of years of effort to secure legal forest tenure for communities while at the same time cementing an agreement between the Government and communities to collaborate in conserving forest carbon over the next several decades.

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