Forest carbon credits are credits generated from greenhouse gas (GHG) emission reduction project activities including: Reducing deforestation and forest degradation (REDD+); enhancing sinks from afforestation, reforestation, and vegetation regeneration (ARR) and enhanced forest management (IFM). Developing forest carbon credit projects is a great opportunity for forest management and protection units, especially in the current context when the demand for this type of credit is very high in the carbon market.
People in Tan Son district learn pruning and care techniques to transform large timber forests, creating a premise to participate in the carbon credit market.
Our province has about 55% of its natural area being forests and forestry land, equivalent to 170,000 hectares, with a coverage rate of nearly 40%. Phu Tho is the province with the 5th largest forest area in the Northern Midlands and Mountains region (according to Decision No. 816/QD-BNN dated March 20, 2024 of the Ministry of Agriculture and Rural Development).
Currently, Phu Tho forests are also considered a large carbon sink. This is a new resource, contributing to forest protection and development, improving the lives of forest growers, creating a premise for sustainable forestry development, and at the same time, an advantage for the province to attract green investment.
Phu Tho has had many policies and strategies on sustainable forestry development to be ready to participate in the carbon credit market. In the Provincial Planning for the period 2021-2030, with a vision to 2050, Phu Tho has identified the tasks for the forestry sector as maintaining the province's forest cover of 38-39%; reviewing and adjusting the land area planned for 3 types of forests; focusing on protecting the existing natural forest area; zoning to improve forest quality, especially natural forest and special-use forest areas; developing planted forests according to sustainable forest management standards (FSC) associated with deep processing; improving the quality of planted forests, especially large timber forests; conserving and effectively using cultural special-use forests and historical relics; effectively and fully implementing the policy of payment for forest environmental services for ecotourism, community tourism and carbon credits...
At the same time, the Provincial People's Committee issued Plan No. 1466/KH-UBND dated April 13, 2021 on planting scattered trees in the province for the period 2021-2025 according to the Prime Minister's decision approving the Project "Planting one billion scattered trees for the period 2021-2025"; plan for sustainable forest management, protection and development in the province for the period 2021-2025.
In particular, clearly defining and developing sustainable forestry based on existing forest areas; effectively exploiting and using production forest areas; promoting the effectiveness of ecological environment protection, biodiversity conservation, providing forest environmental services, minimizing the impact of natural disasters and adapting to climate change...
The results of the forest inventory of the Forestry sector have been approved by the Provincial People's Committee in Decision No. 1338/QD-UBND dated June 7, 2016 on approving the results of the forest inventory. The whole province has over 126,000 hectares of forested land, these are the forest areas that can absorb the most CO2...
Comrade Hoang Anh Vu - Deputy Head of Tan Son District Forest Protection Department said: “Tan Son forest in particular, Phu Tho province in general, has the potential to generate many carbon credits. Selling forest carbon credits will help increase income for businesses through revenue from emission reduction results. For forest owners and farmers, it will increase the productivity of planted forests, improve sustainable livelihoods, contribute to protecting existing forest areas and increasing coverage. In the coming time, the district will continue to do a good job of managing and protecting existing forest areas; promote planting large timber forests, issue sustainable forest management certificates; maintain forest coverage to be ready to participate in the carbon credit market...”.
Not only Tan Son, localities throughout the province continue to synchronously implement solutions to protect, develop, effectively and sustainably use existing forest areas, preserve genetic resources and biodiversity of forests; improve productivity, quality, and promote the value of each type of forest...
Le Oanh
Source: https://baophutho.vn/co-hoi-cho-bao-ve-phat-trien-rung-218419.htm
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