Maungu Carbon Project
REDD+ Carbon Project
Focus
Forest Conservation
Partner
Wildlife Works
Start Year
2011
The Kasigau Corridor
Protecting the critical wildlife corridor between Tsavo East and Tsavo West National Parks
The global commitment to managing carbon footprint and net-zero goals is driving voluntary demand for carbon offsets and is likely to be the dominant force shaping climate markets in the next few years.
This has resulted in other market mechanisms emerging and providing additional opportunities/ avenues to leverage carbon markets.
The Maungu Conservancy has been involved in “use” of carbon credits may be referred to as “voluntary” under the Kasigau I and II REDD+ Carbon Project.
Maungu is part of 14 ranches and conservancies that are members and are collaborating to leverage the financial support from the global carbon marketplace.
This is accomplished through prevention of emission of almost 3,000,000 tonnes of CO2e over a twenty-year crediting period of the project by preventing any further deforestation of the Project Area and surrounding area.
Importance
The Tsavo East and West form Kenya’s largest national park.
Overview
To alleviate pressure on the ecosystem through job creation.
Target
Protecting forests and earn revenue from carbon credit sales.
Approach
Placing communities at the center of conservation.
Impact at a glance
Impact at Maungu
During the project implementation, the project has added financial sustainability to the conservancy and added to the protection of biodiversity, reduced deforestation and provided substantial community development benefits.
Way forward
Observe VCS
Maungu is currently working on enhancing opportunities for engaging in climate markets by observing the Voluntary Carbon Standards (VCS) principles that include:
- Enhancing incentives created by carbon credit revenues through transparency
- Institutionalization of the permanence core principle i.e. ‘The greenhouse gas emission reductions or removals from the mitigation activity shall be permanent, or if they have a risk of reversal, any reversals shall be fully compensated
- Ensuring the carbon-crediting program shall have effective program governance to ensure transparency, accountability and the overall quality of carbon credits.