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Ethiopia's Humba Project - forestry carbon trading 

Kyoto Protocol’s Clean Development Mechanism - The Humbo project, located 342 kilometres south of the Ethiopian capital, Addis Ababa, has been cited as being Africa’s first large-scale carbon trading forestry project developed under the Kyoto Protocol’s Clean Development Mechanism (CDM).

The pilot project being implemented by World Vision Australia and the Ethiopian government, including other partners, sought to re-establish 2,728 hectares of bio-diverse native forest to mitigate climate change in a country where over exploitation of forest resources has left less than 3 percent of Ethiopia’s native forests remaining.

 

Speaking to journalists at the sidelines of the UN Climate Change Conference taking place in Poland, Tim Morris, the World Vision Australia manager for food security and climate change, said Friday that before the community driven project was implemented, deforestation in the region had led to severe soil erosion.

Apart from mitigating climate change, the project also supports income and employment generation through community-managed natural regeneration.

According to World Vision, additional income flow through the sale of the resulting carbon emission reduction units, and other forest and non-forest benefits would contribute to sustainable development and the alleviation of poverty in the region.

Ethiopia is one of the poorest nations in the world with a per capita GDP of just US$ 177 per annum and its agricultural sector which supports over 90 percent of the population is said to have been crippled by environmental degradation.

It is estimated that over the 30-year period, over 880,000 tonnes of carbon dioxide equivalent will be removed from the atmosphere, making a significant contribution to mitigating climate change.

Morris also disclosed that World Vision Australia is implementing another project in Ethiopia for fuel-efficient stoves and that an estimated 25,000 fuel efficient stoves have already been distributed to rural households to reduce inefficient consumption of wood and also limit environmental degradation and reduce health problems associated with present practices.

CDM allows for reforestation projects to earn carbon credits for each tonne of dioxide equivalent “sequestered”or absorbed by the forest.

Source: http://www.afriquejet.com/news/13470-ethiopia-cited-for-having-africa-s-large-scale-carbon-trading-forestry-project.html

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