BCP, the BioCarbon Group, and Natural Capital Partners, formerly The Carbon Neutral Company, are pleased to announce a transaction of Verified Carbon Units (VCUs) from a transformational community forestry project in Zambia: BCP’s pilot Lower Zambezi REDD+ Project (LZRP). The purchase of Verified Carbon Units (VCUs) by Microsoft will enable the LZRP to continue to implement and scale up work, improving the lives of farming communities in Zambia, in South-Eastern Africa.
“We are proud of this sale to Microsoft, and very happy they are supporting the exceptional environmental and development benefits this project is creating,” says Jason Patrick, Managing Director of the BioCarbon Group.
The sale of VCUs from the LZRP is critical to the ongoing success of the project. The LZRP is designed to develop a sustainable enterprise based on forest protection, through the verification, generation and sale of carbon credits to fund on-going conservation and livelihoods impacts in the long term.
“We are working hard with local communities to achieve a meaningful transformation in land-use practices: increasing agricultural production and market access while safeguarding forest habitat,” explains Dr Hassan Sachedina, Managing Director of BCP. “Our successful approach is evidenced through triple Gold validation under the Climate Community and Biodiversity Alliance Standard, as well as VCS verification. The LZRP is the first project in Africa to achieve this level of recognition. We are delighted that a company of the stature of Microsoft has invested in the benefits this project generates.”
Zubair Zakir, Global Carbon Sourcing Director of Natural Capital Partners, adds: “We’re very pleased to add BCP to our network of valued project partners with this key REDD+ project in Zambia, the country’s first. Through its work to build sustainable livelihoods in one of Africa’s least developed economies and to tackle urban demand for charcoal coming from the city of Lusaka, which is one of Africa’s fastest growing cities, the project is meeting a demand which is very important to Microsoft and we are increasingly seeing from all our clients: one which combines emission reductions with delivering essential, long term sustainable impacts to communities, both urban and rural.”
Disclaimer: This blog is made possible by the support of the American People through the United States Agency for International Development (USAID). The content of this blog are the sole responsibility of BCP and do not necessarily reflect the views of USAID or the United States Government.