Background - 15 October, 2009
In 1997 three energy giants, American Electric Power(AEP),
BP-Amoco (BP), and Pacificorp entered into a REDD agreement with the
Government of Bolivia. In return for millions of dollars of
investment for the protection of an area of rainforest from logging
for 30 years, they would be allocated the carbon offsets generated
by keeping the trees standing. These offsets could then be bought
and sold in carbon trading systems, in order to offset some of the
CO2 pollution produced by these power companies.
The project resulting from this agreement is known as the Noel
Kempff Climate Action Project (NKCAP). Since its establishment, it
has become the most highly touted sub-national REDD project in the
world. NKCAP has been showcased as a model for future subnational
REDD projects and used to promote sub-national forest offset
policies within the international climate talks, to members of the
US Congress, and to other REDD stakeholders.
Download the full report (PDF)
All requests for supporting documents please contact Ariana
Densham Mob: +44 (0) 7801 212975