Terra Global begins a new REDD+ project in Bago District, Myanmar

Terra Global Capital
June, 2016

In collaboration with the Korean Forest Service, Korean Green Promotion Agency, and the Myanmar Ministry of Natural Resources and Environmental Conservation (MONREC), Terra Global initiated a new REDD+ project in Myanmar, holding a three-day kickoff meeting in Nay Pyi Taw this June. The project will focus on the North Zamari Reserve Forest, which represents over 75,000 hectares of threatened tropical upland rainforest in the Bago Yoma region of Myanmar. The kickoff meeting was designed both to initiate the project as well as provide an opportunity for training of technical aspects of REDD+ program design and GHG quantification as well as knowledge sharing for all the project stakeholders.

During the three-day kickoff meeting, Terra Global staff led several workshops involving REDD+ finance and carbon markets, carbon quantification, remote sensing, biomass sampling, and other topics essential to successfully running a REDD+ program.  In addition to the workshops, Terra Global staff will provide technical expertise in carbon quantification and VCS/CCB Project development throughout the Bago Yoma REDD+ Project. 

The Joint Myanmar-Korea Bago Yoma REDD+ Project, which will be validated under the Verified Carbon Standard (VCS) and Climate, Community, and Biodiversity (CCB) standard, is the first of its kind in Myanmar, and represents a significant step forward for the REDD+ efforts in the country.  In addition to providing substantial protection to the carbon stocks and biodiversity in North Zamari Reserve Forest, the project will help develop capacity in the country for future efforts in establishing REDD+ projects and provide for communities around the Reserve to address bioenergy needs and building new income streams.