Government and Tullow sign historic emissions reduction purchase agreement

The Ministry of Lands and Natural Resources and the Forestry Commission have signed a historic Emissions Reductions Purchase Agreement (ERPA) with Tullow, marking a major milestone in Ghana’s efforts to address deforestation and forest degradation.

The agreement, presented outdoors at a ceremony in Accra on Thursday, May 23, 2024, represents a significant step forward in Ghana’s commitment to sustainable development and environmental management.

The partnership aims to promote sustainable land use and forest conservation, while generating income for local communities and supporting Ghana’s climate change mitigation efforts.

The Minister of Lands and Natural Resources, Samuel Abu Jinapor, hailed the agreement as a “bold and ambitious” initiative that demonstrates Ghana’s leadership in addressing the global challenge of climate change.

He stressed the importance of fair pricing of carbon credits, noting that Ghana’s partnership with Tullow sets a new benchmark for carbon pricing in the region.

The ERPA is part of Ghana’s broader efforts to promote sustainable forest management and reduce deforestation and forest degradation.

He said the country has made significant progress in recent years, with initiatives such as the Ghana Cocoa Forest REDD+ Program and the Ghana Shea Landscape Emissions Reduction Project.

The partnership with Tullow is expected to generate significant revenue for local communities and support Ghana’s climate change mitigation efforts.

The agreement also demonstrates the country’s commitment to sustainable development and environmental protection, and sets an example for other countries to follow.

For her part, Mrs. Julia Ross, Director of People and Sustainability at Tullow, clarified the scope of the project indicating that more than two million hectares of land in the country will be used to plant various trees and other carbon credit innovations.

He said Tullow has made significant investments over the years in the fight to achieve zero carbon emissions, with more than $40 million committed so far.

He outlined the socio-economic benefits of the project and explained that Tullow will continue to engage the commission and relevant stakeholders to ensure the success of the project.

In her statement of solidarity, Her Excellency Harriet Thompson, British High Commissioner, said she is proud of Ghana, which continues to show dedication to reducing forest degradation and mitigating climate change.

He noted that with Ghana’s enthusiasm, the British government sees this as just the beginning of many more successes.

He congratulated the Tullow team and the Forestry Commission on the height achieved and encouraged other organizations to follow suit, saying “doing this is good for business, good for the climate and good for people.”

John Allotey, chief executive of the Forestry Commission, provided further details on the deal, saying it will last a decade and position the Forestry Commission as a major source of approved and trusted carbon credits.

He explained that the official announcement is the culmination of intensive, dedicated and sustained commitments between his team and Tullow Ghana.

He also emphasized the Forestry Commission’s commitment to producing high integrity carbon credits that will be attractive to the international market.

The Deputy Minister of Energy and Member of Parliament for the Mpohor Constituency of the Western Region, Hon. John Kwabena Abbam Aboah Sanie, on behalf of his Minister, praised Outdooring partners; Forestry Commission and Tullow for their efforts in reaching such a height and we hope that this Forestry Commission and Tullow REDD+ Project will produce the best results.

There were also some congratulatory statements from traditional authorities and civil society who were present at the programme, all aimed at applauding the Forestry Commission and Tullow for their efforts in realizing this noble cause.

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