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Green Resource’s first CDM project is registered

05 July 2011 |

Green Resource release their first CDM certified project in Uganda and sign an an exclusive agreement with The CarbonNeutral Company.

Last week was a groundbreaking week for Green Resource’s carbon business with the registration of its first CDM project, as well as signing a new sales agreement with The CarbonNeutral Company for the next issuance of carbon credits from its Uchindile and Mapanda Reforestation Project.

Green Resources signed an exclusive purchase agreement with The CarbonNeutral Company for credits from the next verification of the Uchindile and Mapanda Reforestation Project. This is the first AFOLU VCS project in the world to be registered and to receive issuance of VCS credits - demonstrating the increasing demand of high quality forestry credits. Following the successful delivery of 139,358 credits last year, the project is expected to deliver additional credits before the end of 2011 for the monitoring period of 2009-2011. The project is validated to CCBS and will also undergo verification to the standard this year to demonstrate the project’s co-benefits.