The Government of the Republic of Zambia, through the Ministry of Green Economy and Environment, Wilderness, and Carbon Ark have committed to working towards a large-scale carbon reduction and removal project in several Game Management Areas bordering Kafue National Park, widely lauded as among the world’s most important natural heritage sites. The areas have been meaningfully degraded by logging for charcoal production, as well as burning for farming and hunting.
This groundbreaking partnership forms part of Wilderness’ exciting Carbon Strategy, which is a crucial part of its Wilderness Landscapes business to help the company achieve its long-term conservation goals, and to double the amount of land it helps protect by 2030.
Carbon Ark is a carbon storage and sequestration company dedicated to partnering with governments and local communities to develop a new standard of top-quality, nature-based carbon offsets, specifically focused both on restoring areas that have lost habitat and wildlife, as well as on community empowerment. Carbon Ark anticipates that the project will deploy over USD500 million in operational investments and create over 1,000 community jobs. The project is also supported by US impact investing firm, and one of Wilderness’ shareholders, TPG Rise, as well as the Bank of America and Jet Blue Ventures through Rubicon Carbon.
“We are proud to match our 40-year track record of success, building community partnerships for conservation, with the carbon expertise of Carbon Ark”, noted Wilderness CEO, Keith Vincent. “As like-minded companies we are both dedicated to developing high-integrity carbon offsets particularly aimed at community empowerment, wildlife preservation, and technology innovation”.
Ministry of Green Economy and Environment Permanent Secretary Eng. John Msimuko said the purpose of the MOU is to formalise the intention of the parties to work together towards implementing a world-class project that aims at reducing deforestation and forest degradation. He added that the project will promote restoration (afforestation, reforestation and natural regeneration), and enhance biodiversity conservation and management, resulting in carbon storage and sequestration in the project area.