Wildlife Works Carbon LLC, a U.S. conservation business, received more than 1 million carbon credits for the second phase of its Kasigau Corridor project to protect 500,000 acres between two national parks in Kenya.
The project was first to issue forestry credits under a program known as Reduced Emissions from Deforestation and Degradation, or REDD. It was validated and verified under the Verified Carbon Standard, or VCS, and the Climate, Community and Biodiversity Standard, Wildlife Works said in an e-mailed statement. BNP Paribas SA provided initial support, buying an option for 1.25 million tons over five years and exercising the option in the first year for 250,000 tons.
