Overview
Project area spans over 300,000 Ha of degraded lands and lowland secondary forest in 5 National Reserves in Laos. Project has signed MoU with the government of Laos and given green light to be developed as a carbon offset project. It will focus to protect 80,000 hectares of pristine forest that is under threat of illegal deforestation activities and simultaneously restore more than 9,000 hectares of degraded land near the Laos National Forest. The project is expected to avoid and sequester approximately 231,979 tons of CO2e per year through forest protection and restoration activities. Preserving the project area will provide essential ecological services, particularly benefiting the local community. More than 65,152 individuals are affected by this project as they heavily rely on the forest for their livelihoods.
Country
Laos
Location
Khammouan district, Savannakhet district, Salavan district, Champasak district
Project Area
89,574 Ha
Certification
Eligible Methodologies
Verra VM0047 ARR, Verra VM0048 AUDD, Verra CCB
Current Phase
PD Development
SDG Targeted
Type of Financing
Project Equity, Advance Credit
Financing Required
$10-12.5 million USD
Est. VCU Produced / year
AUDD: 73,847 - 123,782 tCO2e/year
ARR: 66,940 - 108,197 tCO2e/year
Target Projected Duration
40 years
Target Issuance Year
2025