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Mozambique becomes first country to receive emissions reduction payments from the Forest Carbon Partnership Fund

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Mozambique becomes first country to receive emissions reduction payments from the Forest Carbon Partnership Fund

This agreement will enable Mozambique to obtain long-term financing to offer alternatives to deforestation and to reward efforts to mitigate climate change.

MAPUTO, Mozambique, October 16, 2021 / APO Group / –

Mozambique became the first country to receive payments from a World Bank trust fund to reduce emissions from deforestation and forest degradation, commonly known as REDD +.

Mozambique becomes first country to receive emissions reduction payments from the Forest Carbon Partnership Fund

The Forest Carbon Partnership Fund (FCPF) has provided Mozambique $ 6.4 million for the reduction of 1.28 million tonnes of carbon emissions since 2019. The payment is the first of four under the The country’s Emissions Reductions Payment Agreement (ERPA) with the FCPF which could unlock up to $ 50 million. to reduce up to 10 million tonnes of C02 emissions in the Mozambican province of Zambezia by the end of 2024.

To receive the first payment, Mozambique submitted an official monitoring report confirming the emission reductions; an independent third party verification was carried out between September 2020 and May 2021.

Mozambique becomes first country to receive emissions reduction payments from the Forest Carbon Partnership Fund

The payments reward efforts to reduce carbon emissions by tackling deforestation and forest degradation.

“Preventing deforestation and intensifying efforts to restore those that have already been damaged are the two essential actions to ensure a future that is safer, more resilient to climate change and more prosperous for local communities and the country as a whole,” said Idah Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Mauritius, Seychelles and Comoros. “These efforts are costly and payment agreements like these can be a game-changer as they provide much-needed finance to improve sustainable forest management and resilience. “

The payment is recognition of Mozambique’s contribution to the implementation of emissions reduction activities, such as adopting sustainable agricultural practices, monitoring the use of forest resources or restoring degraded lands.

Mozambique becomes first country to receive emissions reduction payments from the Forest Carbon Partnership Fund

Currently, the program covers nine districts of the province of Zambezia: Alto Molocue, Gile, Gurue, Ile, Maganja da Costa, Mocuba, Mocubela, Mulevala and Pebane. Local communities will receive a pre-agreed portion of the payments based on their contribution to reducing deforestation. A benefit-sharing plan prepared with local actors and communities that contributed to the results will ensure that they receive the majority of the benefits. This will enable stakeholders to continue to promote community-based management of natural resources and restoration of degraded areas, while stimulating conservation-friendly, nutrition-sensitive and climate-smart agricultural models.

“Forest communities are the real winners here. This agreement will enable Mozambique to secure long-term financing to provide alternatives to deforestation and reward efforts to mitigate climate change, reduce poverty and manage natural resources in a sustainable manner to achieve the goals of determined contributions to the fund. national level (CDN). This is a big step forward in the country’s ongoing efforts to save forests and stop deforestation, ”said Ivete Joaquim Maibaze, Mozambican Minister of Land and Environment.

About 43 percent, or 34 million hectares of the entire Mozambican territory, is covered with natural forests which have been severely degraded over the years. This program aims to reduce deforestation and forest degradation while improving the lives of rural populations in the province of Zambezia. In August 2021, Mozambique will submit its second emissions reduction monitoring report, covering the period January 2019 to December 2020. By the end of 2024, the country hopes to avoid emissions of 10 million tonnes of carbon.

Mozambique becomes first country to receive emissions reduction payments from the Forest Carbon Partnership Fund

The Forest Carbon Partnership Fund (FCPF) is a global partnership of governments, businesses, civil society and indigenous peoples’ organizations focused on reducing emissions from deforestation and forest degradation, conservation of forest carbon stocks, sustainable forest management and enhancement of forest carbon stocks in developing countries, activities commonly referred to as REDD +. Launched in 2008, the FCPF has worked with 47 developing countries across Africa, Asia, Latin America and the Caribbean, as well as 17 donors who have made contributions and pledges totaling $ 1.3 billion. of dollars.

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