Sharing experience in the implementation of forest carbon project

QNN |

(QNO) - Vice Chairman of the Quang Nam provincial People’s Committee Ho Quang Buu has just shared the experience in the implementation of forest carbon project with the delegation from Son La province led by its Deputy Chairman Nguyen Thanh Cong.

Forest in Quang Nam
Forest in Quang Nam
 

Reportedly, Quang Nam currently has more than 680,000ha of forest, including 466,113ha of natural forest.

It can absorb more than 11.2 million tons of carbon dioxide (CO2) from 2018 to 2030; so, Quang Nam can sell forest carbon credits to the world market.

It is estimated that Quang Nam can earn about 5 million USD each year by selling forest carbon credits, which can contribute to more effective forest management and protection.

Selling forest carbon credits will go through international bidding and ensure the criteria for forest management and protection.

However, the Government's agreement to allow Quang Nam to carry out a pilot project on forest carbon credit trading creates great opportunities for the province.

Until now, 5 foreign investors have registered to buy the province's forest carbon licenses/credits.

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Quang Nam exports forestry carbon credits

QNN |

(QNO) - Owning 628 thousand hectares of natural forest, it is estimated that Quang Nam will get USD 5 million from selling forestry carbon credits.

Preservation of Tam My Tay community forest

QNN |

(QNO) - A Rainforest Trust’s non-refundable grant of VND 6.1 billion has just given to Quang Nam through the GreenViet Biodiversity Conservation Centre in order to preserve the population of grey-shanked douc langurs in Tam My Tay community forest (Nui Thanh district).

Cam Thanh nipa palm forest

QNN |

(QNO) - The Cam Thanh nipa palm forest located in Cam Thanh commune (Hoi An city, Quang Nam province) used to cover an area of 7 acres. So, it is also called Bay Mau nipa palm forest.