Curbing Deforestation: Sustainable Cocoa Farming Yields Carbon Credits for Ghana

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In Ghana, cocoa farmers are improving their yields and mitigating climate change at the same time, by adopting climate-smart growing practices that help to curb deforestation. With support from the World Bank’s Forest Carbon Partnership Facility (FCPF), Ghana and other countries are generating high-quality, high integrity jurisdictional carbon credits to realize their climate goals and gain access to international carbon markets. In January 2023, Ghana received $4.8 million from the FCPF for reducing nearly one million tons of carbon emissions caused by deforestation and forest degradation – with up to $45 million expected by the end of 2024.

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137

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Curbing Deforestation: Sustainable Cocoa Farming Yields Carbon Credits for Ghana

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In Ghana, cocoa farmers are improving their yields and mitigating climate change at the same time, by adopting climate-smart growing practices that help to curb deforestation. With support from the World Bank’s Forest Carbon Partnership Facility (FCPF), Ghana and other countries are generating high-quality, high integrity jurisdictional carbon credits to realize their climate goals and gain access to international carbon markets. In January 2023, Ghana received $4.8 million from the FCPF for reducing nearly one million tons of carbon emissions caused by deforestation and forest degradation – with up to $45 million expected by the end of 2024. Learn more: http://wrld.bg/hEHP50PgvQm 0:00 Deforestation and forest degradation 0:21 Sustainable cocoa farming in Ghana 1:07 Measurement, reporting, and verification of emission reductions 1:29 Forest Carbon Partnership Facility: Results-based climate finance ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org

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2023-07-19T18:59:52Z