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Malakula, Vanuatu
The reforestation project on the tropical South Pacific island of Malakula in Vanuatu provides locals with hundreds of long term employment opportunities and a significant positive environmental and economic impact for the region.Project size:
- Type – Reforestation.
- Project lifespan – 50 years.
- 20,000 acres of land secured by ECO2 Forests.
- 15,000 acres (approx) to be forested as part of the reforestation project.
- 3.3 million Kiri Trees to be planted.
Projected output:
- 600 million board feet (1.42 million m3).
- 7 million carbon credits.
Projected Revenue for each harvest cycle of 7-years:
- $1.6 billion ($1.51 billion in lumber sales, $90 million carbon credit sales).
- Average revenue per acre - $112,000.
Community Impact:
- Up to 300 full and part-time jobs created. Sourced from local communities.
- Full training in latest green technologies for local communities.
- Improved infrastructure ensuring local customs and aesthetics are adhered to.
Environmental Impact:
- Sustainable lumber management and minimum land usage.
- Lumber yield equivalent of a 140,000 acre forest of traditional forested species, with continual timber supply after just seven years.
- Reduction of need to log existing rainforests in Vanuatu.
- 7 million tons of carbon dioxide (CO2) removed from the atmosphere (Carbon sequestration) for each 7-year harvest cycle.
- Land and soil revitalized and enriched with nutrients.
