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Disney buys $3.5M in REDD credits from rainforest conservation project in Peru

2013-03-20 06:15:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: The Walt Disney Company has purchased $3.5 million dollars' worth of carbon credits generated via rainforest conservation in Peru, reports Point Carbon. Disney bought 437,000 VCUs (verified carbon units) issued by the Alto Mayo Initiative, a project that aims to protect 2.8 million hectares of tropical forest in northeastern Peru. Alto Mayo is a joint initiative run by the Peruvian government and Conservation International. The credits are generated by reducing emissions from deforestation...

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