Afforestation for better living conditions in UgandaIn the project area, which covers more than 10,000 hectares, afforestation is taking place in areas where uncontrolled deforestation had previously taken place. In particular, Caribbean pine and native species are used. The Gold Standard project supports the population of the surrounding settlements with the help of a training program that teaches them single-handed tree planting and nurturing.
The project in Kikonda has been combined with the wind power project in Karnataka, India (www.climatepartner.com/1394) and the wind power project in Tirupur, India (www.climatepartner.com/1493), which are both certified under the Clean Development Mechanism (with CERs). This high-value project combination allows the project in Uganda to be pre-financed with Planned Emission Reductions (PERs) under the terms of ICROA.
How do PERs support international afforestation projects?Afforestation projects are very cost-intensive, among other things, because of their long lifespan. Therefore, the Gold Standard provides a secure way to cover initial costs and realize high-quality afforestation projects. Investors can purchase so-called Planned Emission Reductions (PERs), which are registered and can be traded, and will be converted into verified emission reductions (VERs) after 5 years at the latest. This provides transparent support for the financing of the project activities. ClimatePartner is a member of ICROA and additionally combines PER projects with CER projects to meet all market requirements. Find out more about international standards.
Forests are one of the most important CO2 reservoirs on our planet. However, global forest areas have declined sharply in recent decades due to increasing settlement, agricultural use, illegal logging and raw material extraction. It is therefore enormously important to preserve the CO2 storage capacity of the biosphere by afforesting new areas or reforesting degraded land.
