Village communities in Western Kenya alongside ones in Niger, Nigeria and China could become the key to unlocking the multi-billion dollar carbon markets for millions of farmers, foresters and conservationists across the developing world.
Catchments in and around Lake Victoria have been chosen as a test-bed for calculating how much carbon can be stored in trees and soils when the land is managed in a sustainable, climate-friendly ways.
The initiative, known as the Carbon Benefits Project, was launched today by the UN Environment Programme (UNEP), the World Agroforestry Centre, along with a range of other key partners. The project is being funded by the Global Environment Facility.
Under the United Nation's climate convention and its Kyoto Protocol, developed countries can offset some of their greenhouse gas emissions by paying developing economies for implementing clean and renewable energy projects such as wind, solar and geothermal power.
Friday, May 15, 2009