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Green Giant Venture Fund
Africa: 1
Aforestation project of 42,500 acres in Sierra Leone
Aforestation as Renewable source of Wood for Industrial use: The objective of the project activity is the Aforestation of 42,500 acres of Kiri Tree: Japanese Empress Tree, Paulownia located on degraded lands in the ecological zone of Sudan Savannah. The project looks forward to recover degraded land, and develop sustainable economic activities, as (4-7 year) pulp, paper, (8 year) lightweight hardwood lumber, clean coal production, Biofuel production, wood harvesting and improving the community’s standard of living. The project will benefice more than 10 villages and 3500 people in annexes of this community and is conceived using easy-to-replicate technologies and promoting the intensive use of local labor, assuring that the biggest part of the benefits will remain in the community. The project will reduces the risk of negative impacts on biodiversity and increasing the success possibilities of the proposed project activity. Proposed project activities:The establishment of plantations as a renewable source of wood supplies for energy to meet the industrial needs is expected to result in twofold benefits: (i) generation of carbon stocks and of GHG removals by sinks additional to those that would occur in the absence of such plantations, and (ii) substitution of sustainable sources of biomass in place of fossil fuels and non-renewable biomass, which contribute to GHG emissions in Africa.
Estimated Carbon Credit value 410,000,000 USD
Estimated timber harvest value 700,000,000 USD
GLTA
