The Green Samar Reforestation Project Was Launched In The Philippines

The Green Samar Reforestation Project Was Launched In The Philippines - Carbon Herald

On the 29th of May, in Manila, aDryada, its partner Samar Bamboo Corporation, and the Department of Environment and Natural Resources (DENR) of the Philippines, represented by Secretary Maria Antonia Yulo – Loyzaga, signed a Memorandum of Understanding to deploy the country’s largest reforestation project in the island of Samar.

Restoring 90,000 ha of degraded forest in the North-West part of the Samar Island Natural Park is the objective of the Green Samar project, which was launched on May 29th by aDryada, its partner Samar Bamboo Corporation, and the Department of Environment and Natural Resources of the Philippines, managed by Secretary Maria Antonia Yulo-Loyzaga.

Relevant: Carbon Streaming Announces Landmark Reforestation Project With Rubicon Carbon & Microsoft

The project supports the priorities of the Philippine Government. Nature-Based Solutions have been identified as a critical tool in the country’s arsenal to mitigate the effects of climate change and increase the resilience of local communities, by creating jobs and provide ecosystem services. As part of the Enhanced National Greening Program (ENGP), the Government plans to reforest at least one million hectares of land in the country before 2028. The Philippines is also finalizing a carbon credit framework that aims to both facilitate the achievement of national climate transition goals and attract foreign investors.

The Green Samar project, whose full deployment is to start in 2025, will generate high-quality carbon credits: it plans to maximize the positive impacts on biodiversity. It will also support livelihoods and job creation of the surrounding communities through the development of bamboo economical activities in the vicinity of the Samar Island Natural Park, including a facility to transform bamboo into useful commodities.

Relevant: Google, Meta, Microsoft, And Salesforce Establish World’s Largest Advance Market Commitment For Nature-Based Projects

“I am proud to launch this project, which is based on the three pillars that aDryada considers equally important to achieve a high level of quality: climate, biodiversity, and improving the living conditions of local populations. It is all the more promising as it draws on the strong experience of our partner and the excellent work carried out by the Authorities, both at local and national levels”, said Fabio Ferrari, CEO of aDryada.

“I am delighted to participate in the Green Samar Project, which will have a transformational impact on the province and its local communities. And I am confident that our partnership with aDryada will be powerful enough to achieve our ambitious goals”, said Ruben Picardo, President of Samar Bamboo Corporation (SBC).

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »
Total
0
Share