Ecotree Group, a sustainable forestry company focusing on carbon removal and biodiversity preservation, will team up with Germany’s NGUYEN GmbH Chau Au to implement a carbon dioxide reduction project in Vietnam under an agreement signed on May 31. Under the project, Ecotree will plant 1 million ha of forest in Vietnam and manage them in line with European standard. To date, Ecotree has worked with 16 provinces and cities across the country, of which six have approved proposals on conducting surveys to pilot a carbon credit project for planted and natural forests. According to Ecotree Group, the CO2 reduction project will be deployed this year and its implementation results will be reviewed in each phase.
Source: Vietnam News Agency
