BioCarbon Partners (BCP) is pleased to announce an investment partnership with the BioCarbon Group (BioCarbon), a global investor in land based carbon mitigation activities. The BioCarbon Group is a partnership between Macquarie Bank of Australia, the World Bank IFC, and Global Forest Partners. This multi-year investment is into the Lower Zambezi REDD+ Project, Zambia’s first pilot REDD+ project, which BCP is implementing. We are delighted to announce this partnership as this milestone illustrates the potential for high quality REDD+ projects in Zambia to attract international investment. The funding will be directed towards strengthening community livelihood activities, forest and biodiversity protection, carbon verification activities, credit marketing, and collaboration with Government.
The Lower Zambezi REDD+ Project has achieved validation against the Climate, Community and Biodiversity Alliance Standard (CCBA) to triple gold levels. The project is currently undergoing VCS verification which we hope to complete within the coming few months.
The PDF of the press release is available online at: http://www.biocarbongroup.com/uploads/1/8/4/0/18404417/press_release_zambia_20140130.pdf. Please feel free to circulate this link.
The BioCarbon Group’s website is: http://www.biocarbongroup.com
BCP’s website is at www.biocarbonpartners.com.
We thank all the project supporters to date and we look forward to collaborating with key stakeholders to make this project a success in mitigating deforestation and improving community livelihoods.