Firm Says Logging Won’t Derail Carbon Credits
The U.S. firm selling credits for a carbon trading scheme that could earn Cambodia tens of millions of dollars said yesterday that sales could start in a matter of months, despite mounting claims of deforestation within the community forests set to anchor the project. Leslie Durschinger, managing director of California-based Terra Global Capital, was in Cambodia yesterday to update officials at the Ministry of Agriculture on what will be the country’s first forest-based carbon trading project to run under the U.N.-sponsored scheme known as REDD, or Reducing Emissions from Deforestation and Forest Degradation. Ms. Durschinger’s visit comes just over a month after forestry communities in Oddar Meanchey province sent the ministry a complaint blaming the arrival of dozens of military bases over the past six months for a spike in illegal logging inside the 64,000-hectare project area. …
Zsombor Peter and Kuch Naren, P. 1
