LATEST ARTICLE Overcoming sustainability challenges: practical solutions for your business Read Article

Pakistan's mangrove project aims for $12 billion carbon revenue boost

Pakistan has set a new goal for its carbon trading sales, targeting $12 billion in revenue by launching a mangrove plantation project in the Indus Delta of the southern Sindh province. Officials have confirmed $40 million worth of carbon credits have already been sold from this project. The initiative is part of Pakistan's efforts to tap into the global carbon trading market.

Pakistans mangrove project_view at Sindh Mangroves Forest_visual 1View of the Sindh Mangroves Forest stretched from Iran to India.

The Indus Delta, home to the seventh largest mangrove forest globally, is crucial for Pakistan's ecology and economy. The new project, named Delta Blue Carbon (DBC) — 2, is an extension of the 60-year-long Delta Blue Carbon (DBC) — 1 mangrove restoration project that started in 2015.

The Sindh Forest Department (SFD) is leading these initiatives with foreign private funding. The ongoing DBC-1 project aims to restore 250,000 hectares, while DBC-2 plans to add 200,000 hectares of mangrove growth. The combined projects aim to complete the restoration and plantation of 450,000 hectares of the Indus Delta by 2030.

Read more: Brazil invests $350 billion for a greener economy and sustainable infrastructure

Riaz Ahmed Wagan, Chief Conservator of Forests at the SFD, highlighted that these projects position Sindh as the sole carbon credit seller in Pakistan. The generated carbon credits are traded on the global carbon market, offering financial incentives for reducing carbon dioxide emissions.

Read more: How to stay ahead of the curve on sustainability

Pakistan, a signatory of the Kyoto Protocol, is striving to combat climate change through such initiatives. With the introduction of DBC-2, Sindh expects to generate a total of $12 billion in earnings by 2075 through carbon credit afforestation sales, further contributing to global environmental goals.

We have the ability to enact positive change. At DGB Group, we help businesses, governments, and investors to restore nature through the carbon market. Our nature-based solutions offer tangible positive benefits for the environment and your organisation. Let's forge a path together towards a greener, more biodiverse future.

Start making a positive impact on the environment today with DGB

Before you go...

As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.

Read other news

Microsoft has made a significant move to bolster its carbon neutrality efforts by acquiring over 970..

Engie, a leading power company in Europe, has pre-ordered 5 million tonnes of nature-based carbon re..

Airlines are set to invest $600 million in carbon offset credits in 2024, according to the Internati..

The Integrity Council for the Voluntary Carbon Market (ICVCM) has greenlit seven carbon crediting me..

Let’s get to know you

Let's talk about how we can create value together for your sustainability journey.