Indigenous Leaders Sign Historic Carbon Deal for Forest…

Indigenous leaders in Palawan have signed a landmark deal for the Philippines’ first locally owned forest carbon project. This initiative aims to protect 39,000 hectares of forest by selling carbon credits, thereby providing a financial incentive to preserve the environment. The project serves as a template for future Indigenous-led initiatives worldwide.

Indigenous leaders on Palawan Island, Philippines, have made a significant advancement by signing a historic agreement to establish the nation’s first locally owned forest carbon project. This initiative places monetary value on the carbon stored in trees, aiming to deter deforestation through carbon credit sales, thus enhancing the financial worth of maintaining a living forest compared to cutting it down.

The recently signed carbon deal in the Philippines marks a pivotal step towards forest conservation and Indigenous empowerment. As this project progresses, it not only seeks to protect vital ecosystems but also aims to set a precedent for Indigenous-led carbon initiatives globally. By recognizing Indigenous populations as rightful custodians of their forests, this agreement holds promise for sustainable conservation methods that benefit both the environment and local communities.

Original Source: www.conservation.org