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Signing Ceremony CarboWet and Friends of the Earth Middle East
18th Mar, 2013

 

The CarboWet Foundation is a Dutch foundation (NGO) and has been established in close cooperation with SaafConsult. The main aim of the work of CarboWet is to develop a methodology to assess storage (sequestration) of greenhouse gases in Wetlands. Once this methodology has been developed CarboWet will act as a broker to sell the credits generated, and to ensure that the monies flow back to conservation/rehabilitation of the wetlands.

 

We have invested in CarboWet through our RENEW Fund. The main interest of SaafConsult in CarboWet is the ecosystem valuation function of certified carbon trading. We strongly believe that an economic allocation of water resources can greatly enhance water use efficiency in water scarce regions. One ramification of this is the valuation of ecosystem services provided by wetlands.

 

Friends of the Earth Middle East, together with the CarboWet Foundation will sign a Memorandum of Understanding (MoU) on 23 March 2013 in the Sharhabil bin Hassneh Ecopark. The ceremony will start at 11 AM. The MoU details the cooperation between the two organisations to offer carbon offsetting in the Sharhabil bin Hassneh Eco Park in the Jordan Valley. The CW/FoEME Carbon Offsetting Mechanism (CW/FoEME.COM) is available for public and private organisations from all countries.The first company that will donate funds to the mechanisms to offset its carbon emissions will be SaafConsult B.V. Funds will be used for afforestation and reforestation as well as broader watershed protection. This is a UNIQUE opportunity for organisations that take carbon offset seriously.