ACEH: The Ulu Masen REDD+ Pilot Project
The Ulu Masen project was developed by the Provincial Government of Aceh with the assistance of Fauna and Flora International (FFI) and the carbon brokerage firm, Carbon Conservation. On achieving the Climate, Community and Biodiversity (CCB) standard, the government of Aceh completed a pre-purchase agreement with Merril Lynch (now Bank of America), whereby the bank agreed to purchase eventual certified emission reductions at a price of four dollars per ton of avoided carbon dioxide emissions. The project hopes to reduce emissions of CO2 by about one hundred million tons over a 30 year period. The Government of Aceh has stated that the funds generated by the project will be used in their entirety for the welfare of Acehnese people, with 50% of revenue going to the communities whose customary lands overlap with the project.
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