More than 100 billion VND to reduce carbon emissions in 2017

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Implementing the committed action plan for carbon emissions, the Ministry of Agriculture and Rural Development (MARD) has just issued a Decision approving the 2017 plan of the project "Sustainable Forest Management and Biodiversity as a Measure to Decrease CO2 emissions” (KfW8). Accordingly, the ministry has announced spending more than 100 billion VND to implement the reduction of carbon emissions this year.

The Sustainable Forest Management and Biodiversity as a Measure to Decrease CO2 emissions” (KfW8) project is a project funded by the Federal Republic of Germany via German Development Bank (KfW) with total capital of 26.07 million euro, equivalent to 723.99 billion VND.Among them, the German Government's ODA is 20.5 million euro, equivalent to 569.39 billion VND, counterpart fund of the Government of Vietnam is estimated at 5.57 million Euro, equivalent to 154.6 billion VND.

The project will be implemented in the period of 2014-2021 aiming to enhancing biodiversity in forest ecosystems and the integrity of landscape ecosystems in the northern mountainous region. It also contributes to enhancing regional adaptation to climate change and supporting the livelihoods of local people. It is being implemented in 5 provinces of Yen Bai, Lai Chau, Lao Cai, Ha Giang and Bac Kan.

From 2014 to 2016, the project has completed 100% sectors of the land use planning / regional planning to carry out the project in 159 villages of 32 communes in 5 provinces.

The Project Board conducts patrols to protect reserve forest in 48 villages in the framework of biodiversity conservation activities; carries out investigation and survey of 100 hectares of forest in Pung Luong (Yen Bai); measures 179ha of new forest at Nam Khac (Yen Bai); restores 3 hectares ofdegraded forest in Phong Tho district (Lai Chau).

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