Africa: Ghana Begins Receiving Payments for Reducing Carbon Emissions in Forest Landscapes

Accra — Ghana has emerge as the second state in Africa after Mozambique to obtain repayments from a World Bank believe fund for decreasing emissions from deforestation and forest degradation, generally referred to as REDD+.

The World Bank’s Forest Carbon Partnership Facility (FCPF) paid Ghana $4,862,280 for decreasing 972,456 tons of carbon emissions for the first monitoring period beneath this system (June to December 2019).

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“This cost is the primary of 4 beneath the state’s Emission Reductions Payment Agreement (ERPA) with the World Bank to illustrate potential for leveraging outcomes founded repayments for carbon credit,” stated Pierre Laporte, World Bank Country Director for Ghana, Liberia, and Sierra Leone. “Subject to showing results from actions taken to reduce deforestation, Ghana is eligible to receive up to $50 million for 10 million tons of CO2 emissions reduced by the end of 2024.”

These actions are inside a six-million-hectare stretch of the West Africa Guinean Forest, the place biodiversity and forests are beneath stress from cocoa farming and unsustainable harvesting, and small-scale mining. Ghana is certainly one of 15 international locations which have signed ERPAs with the World Bank.

“The many years of dialogue, consultations, and negotiations with local communities, traditional authorities, government agencies, private sector, CSOs, and NGOs have paid off,” stated Samuel A. Jinapor, Minister for Lands and Natural Resources. “This emission reductions payment will further promote confidence in Ghana’s REDD+ process for action to reduce deforestation and forest degradation while empowering local community livelihoods. The road to global 1.5 degrees cannot be achieved without healthy standing forests, and Ghana is committed to making it possible.”

Ghana is the world’s second-largest cocoa producer. Cocoa drives the economic system, however it is usually {one of the} essential causes of deforestation and forest degradation inside the southeast and western areas of the state. Stakeholders are working to assist some 140,000 Ghanaian farmers boost cocoa manufacturing making use of climate-smart agro-forestry approaches, instead of slash and burn land-clearing strategies that decimate forests. More sustainable cocoa farming helps keep away from enlargement of cocoa farms into forest lands and secures extra predictable earnings streams for communities.

Ghana’s Cocoa Board is collaborating inside the REDD+ procedure, as are a number of the foremost essential cocoa and chocolate corporations inside the world, which includes World Cocoa Foundation members like Mondelēz International, Olam, Touton, and others. Their mixed actions aren’t solely assisting carry change to the cocoa sector, however they’re additionally assisting Ghana meet its country wide emissions reductions commitments beneath the Paris Agreement. This stage of collaboration is likewise mirrored inside the benefit sharing plan underpinning Ghana’s’ ERPA with the World Bank. Prepared with the aid of in depth consultations with nearby stakeholders and civil society organizations all through the state, the plan ensures all collaborating stakeholders are pretty acknowledged and rewarded for his or her position in decreasing emissions.

The Forest Carbon Partnership Facility (FCPF) is a world partnership of governments, organizations, civil society, and Indigenous Peoples’ organizations targeted on decreasing emissions from deforestation and forest degradation, forest carbon inventory conservation, the sustainable administration of forests, and the enhancement of forest carbon shares in creating international locations, things to do generally often called REDD+. Launched in 2008 the FCPF has labored with 47 developing countries throughout Africa, Asia, and Latin America and the Caribbean, alongside with 17 donors which have made contributions and commitments totaling $1.3 billion.

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