Abstract
Capturing carbon by planting trees or avoiding deforestation is thought to be a cost-effective way to reduce the inexorable rise in CO2 in the atmosphere. We describe a way to motivate African farmers to plant trees and protect woodland, based on a Mozambican pilot project in the voluntary carbon market. By late 2009, 1510 farmers were enrolled. Between 2003 and 2009, the project was able to sell carbon credits totaling approximately US$1.3 million on the voluntary carbon market, corresponding to 156,000 tCO2, at a price that averaged US$9.0 per ton. Moreover, the effect of the carbon project was to increase rural employment from 8.6 to 32%, whilst 73% of households raised commercial crops compared with 23% previously. There was also a notable development of social capital, with a measurable increase in literacy and the development of a business ethos with associated practical skills.
Original language | English |
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Pages (from-to) | 227-235 |
Number of pages | 9 |
Journal | Carbon Management |
Volume | 1 |
Issue number | 2 |
DOIs | |
Publication status | Published - 1 Dec 2010 |