Cambodia agreed to sign contracts with international corporate buyers for about 15 million tonnes of Verified Emission Reductions (VERs) or carbon credits from the country’s landmark REDD+ projects. The announcement from Cambodia shows a groundbreaking collaboration among the government, NGOs, local communities, and large companies, to end deforestation. It represents an effective way to address deforestation while driving investments for sustainable development. The Royal Government’s Ministry of Environment will be signing agreements with a group of leading corporations that will buy the carbon credits from three of Cambodia’s REDD+ projects developed by the Wildlife Conservation Society and Wildlife Alliance.

Source: Carboncredits.com