REDD+ project development activities in Cambodia were initiated in 2008 and these initiatives continue to inform, as well as influence, the development of the national framework for sustainable forestry. The collective experiences of these REDD+ initiatives at the project level underscore the importance of standardizing the procedures to meet the technical specifications associated with carbon standards to ensure that current and future REDD+ projects are developed and implemented in an efficient and effective manner. Cambodia is also in the early stages of developing a national REDD+ strategy consistent with the development of current REDD pilot projects and it will be imperative to determine the manner.
Importance of the Project Area
- Protecting 67,791 hectares of high conservation value tropical forests. This project site is part of the Prey Lang Landscape, which is important for wildlife because it is one of the last remaining intact, contiguous lowland forest habitats left in Cambodia.
- Supporting about 250,000 indigenous peoples and local communities both directly and indirectly.
Main Drivers of Deforestation of the project area
- Small–scale forest land conversion
- Illegal forest logging
- Collection of fuelwoods, and
- Forest fires,
Forest Carbon Benefits
Generating a net emission reduction of 645,410 tons CO2e over the monitoring period from January 2015 to December 2019.
Community Development Benefits:
Providing both direct and indirect benefits to 2,526 families living in 3 communes and 17 villages.
Forest Biodiversity Benefits:
Conserving 59 bird species, 23 mammal species and 3 reptile species – among them, 2 bird and 9 mammal species are listed in the IUCN red list – and protecting more than 126 tree species.
Advantages of Offsetting through REDD+ Projects
- A carbon offset is a reduction in emissions of carbon dioxide or other greenhouse gases made to compensate for emissions made elsewhere.
- Offsets are measured in tons of carbon dioxide-equivalent (CO2e).
- In a voluntary carbon market, individuals or companies purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, or other sources. For example, a company might purchase carbon offsets to compensate for the greenhouse gas emissions caused by its investment.
- Purchasing carbon credits does not only offset a company’s carbon emissions, but also supports communities’ livelihood enhancement and conserves their forests and biodiversity
- Income received from carbon credits sales will be used to enable a range of livelihood activities, including increasing agricultural productivity, developing non-timber forest products, and diversifying agricultural markets through agricultural cooperatives.
- Some proportion of the budget will also be used for forest conservation. Community members supported by this budget can widely and effectively patrol and monitor forests and wildlife in the project area.