Fund invests in Kenya forest project, boosts UN scheme

Posted by Reuters: Stian Reklev on February 22nd, 2014
Reuters: Luxembourg-based Althelia Climate Fund has invested $10 million in a Kenyan project that is part of a United Nations scheme to take a market-based approach to curbing destruction of forests in developing nations. The move is the latest sign of growing private sector investment into projects underlying the U.N.'s Reducing Emissions from Deforestation and forest Degradation (REDD) mechanism. The 30-year project will protect 200,000 hectares of forest in Kenya, generating 1 million carbon credits......

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