Carbon Credits

BFC is involved in the global compliance and voluntary carbon markets. Bukaleba forest plantation project, developed under the Verified Carbon Standard (VCS) issued 25350 tCO2e currently sold out with ongoing measurements projected to over 100,000VCUs on market for sale.

Musizi treeKachung Forest Project became the company’s first Clean Development Mechanism (CDM) project to be registered by the UNFCCC. The project was also the  2nd afforestation and reforestation (A/R) large scale CDM project to be issued with carbon credits (tCERs) in Africa. Carbon credits have been sold to the Swedish Energy Agency (SEA) in what is known as the world’s longest carbon transaction in afforestation/reforestation.

The overall objective is to contribute to mitigating climate change while meeting the growing demand for quality wood products from well managed plantation forests and contributing to sustainable environmental management, community development and poverty alleviation in Uganda.

Bukaleba Forest Project (CDM project listing link)
Kachung Forest Project (CDM project listing link)

Click here for more about GR's carbon projects.