Deal #10605
Lao PDR
Created at
2024-09-04
Last update
2024-11-20
Last full update
2024-11-20
Land area
Intended size
170 559 ha
Intention of investment
Intention of investment
- [current] For carbon sequestration/REDD (170 559 ha)
Comment on intention of investment
Due to its purpose to improve the Pecision and transparency in generating carbon credits from forest protection, the project is contributing to the framework of Reducing Emissions from Deforestation in Developing Countries (REDD+).
Carbon offset project
Carbon offset project
Yes
Comment on carbon offset project
This project aims for 170,559 hectares as a pilot project testing the use of satellite technology for calculating carbon credits. The exact location of the pilot project is unclear.
Negotiation status
Negotiation status
- [2024-07-26, current] Intended (Memorandum of understanding)
Comment on negotiation status
The companies signed a Memorandum of Understanding (MOU) with the Lao government on 26th July 2024.
The Deputy Director of the Department of Forestry Mr Khamsene Ounkham said that this 170,559-hectare project was just the beginning. With nearly 16 million hectares of forests, Laos has immense potential for future initiatives.