In order to implement the United Nations’ initiative on reducing emissions from deforestation and forest degradation, known as UN-REDD with the goal of helping countries implement REDD+ strategies, Merlins Wood signed an MoU in May 2011 with the government of Khyber Pakhtunkhwa to develop a REDD+ project in the province. The company has also a similar MoU in place with the government of Azad State of Jammu and Kashmir. Terra Global Capital has partnered with Merlins Wood to carry out the carbon development work and market the pioneering projects.
Reducing emissions from deforestation and forest degradation (REDD) is an effort to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. “REDD+” goes beyond deforestation and forest degradation, and includes the role of conservation, sustainable management of forests and enhancement of forest carbon stocks.
