Americas > Ecuador inks €23.4 mln REDD deal with German development bank as nation warms to offsetting

Ecuador inks €23.4 mln REDD deal with German development bank as nation warms to offsetting

Published 16:47 on July 3, 2024  /  Last updated at 16:47 on July 3, 2024  / /  Americas, EMEA, International, Nature-based, South & Central, Voluntary

Ecuador signed a €23.4 million ‘REDD Financial Contribution Contract’ with German development bank KfW on Monday as the country seeks to promote mitigation projects and boost voluntary carbon market (VCM) activity following years of disengagement.
Ecuador signed a €23.4 million ‘REDD Financial Contribution Contract’ with German development bank KfW on Monday as the country seeks to promote mitigation projects and boost voluntary carbon market (VCM) activity following years of disengagement.


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