First Temporary African CDM Forestry Credits Issued
9 October 2012: The Humbo Ethiopia Assisted Natural Regeneration Project has been awarded Africa's first temporary Certified Emission Reductions (CERs) for reforestation through the Clean Development Mechanism (CDM).
The project has restored 2,728 hectares of land in some of the most remote parts of Africa demonstrating how mitigation and adaptation activities can work together and create tangible benefits. The process began in 2006 and has involved extensive stakeholder consultations and efforts to strengthen the land rights of rural residents. The project allows communities to assist in the re-sprouting of native species, and limits cattle grazing on forest land. The restoration activities have restored degrade land and reduced erosion on hillsides.
The Ethiopian Government, World Vision and the World Bank are considering how to replicate the methods used in the Humbo Project in other parts of the country. This is the first forestry project in Africa and only the second world-wide to issue forestry credits, though others are undergoing verification. The credits were purchased through the World Bank's BioCarbon Fund. [World Bank Press Release] [Project Website]