New release of 200,000 carbon credits from Form Ghana’s reforestation project
Form Ghana is proud to announce the new release of over 200,000 carbon credits (certified VCU) from its reforestation of degraded forest reserves in Ghana. These credits are now available to the market. Form Ghana calls out to existing and new interested buyers and partners who wish to mitigate their climate change impact and support the project to make an even larger impact on the restoration of degraded lands, forest cover and biodiversity, while also providing sustainable jobs and income to local communities, thus contributing meaningfully to the Sustainable Development Goals.
Form Ghana naturally makes a contribution to climate change mitigation and the SDGs by reforestation of degraded land. This generates long-term carbon storage capacity, offering carbon credits that provide significant co-benefits to local communities and to the area’s ecology. The project contributes to almost all SDGs (except 12 and 14). Most visible is the contribution to SDG15: restoration of ecosystems and biodiversity, and halting degradation, and SDG13: climate action through sequestration of CO2.
The project also provides more than 1,000 jobs (SDG8), of which 40% are held by women (SDG5), shares benefits with government and communities and enables up to 500 local farmers to intercrop food crops between planted trees (SDGs 1, 2, 8). Access to health care and education is provided (SDGs 3, 4, 10). Clean water access is ensured for staff and the project has invested in community water and sanitation projects (SDG6). The company makes use of solar energy for electricity (SDG7), carries out construction and maintenance of public roads, bridges and buildings (SDG9). Last but not least, this project is a good example of a fruitful partnership (SDGs 11, 17) between local communities, government and company to create shared benefits and have a sustainable community around the project.
In 2013, 4,500 credits were issued and sold from the Asubima Forest Reserve. Since then, Form Ghana’s teak plantations have grown for another 5 years, resulting in the production of over 200,000 credits from Akumadan, including both Asubima and the Afrensu Brohuma Forest Reserves.
In May 2018, Form Ghana's carbon credit claim has been independently verified under the Verified Carbon Standard (VCS), by a team of qualified assessors from the Italian Certifying Body RINA. The Verified Carbon Standard
is a voluntary program that includes a methodology for quantifying environmental benefits in a transparent manner. The VCS Standard lays out rigorous rules and requirements which all projects must follow. Social aspects such as stakeholder relations are also taken into account. All VCS projects are subject to desk and field audits by independent third parties to ensure that high standards are met, and methodologies are properly applied.
Carbon storage, how does it work?
Growing forests absorb carbon dioxide (CO2) from the atmosphere. This is stored in tree stems, branches and roots and added to the soil through litter and decomposition. Credit claims are based on growth data, and include both above and below ground biomass, as well as soil organic carbon. In the case of a reforestation project, every ton of CO2 captured results in one carbon credit, which after verification is called a Verified Carbon Unit (VCU).
At Form Ghana CO₂ is stored in various forest types: tree plantations with exotic as well as indigenous tree species and natural forest restoration in riparian buffer zones. Harvesting of tree plantations is followed with immediate replanting ensuring a positive net carbon storage over time.
If you are interested to purchase carbon credits and discuss partnerships with Form Ghana’s reforestation project or to receive more information, please contact Mr. Rik Sools by email@example.com