Communities near protected areas are receiving increased funding through their conservation efforts. The State has recently received the second tranche of carbon credits from emissions reduction initiatives. The first payment was already disbursed in 2023.
According to Lovakanto Ravelomanana, coordinator of the National Bureau for Climate Change and REDD+ (BNCCREDD+), the Ministry of Environment and Sustainable Development and the Ministry of Economy and Finance are currently collaborating to transfer these funds to beneficiaries.
The first revenue from these carbon credits amounts to 39,563,903,942.13 ariary. Twenty percent of this sum is allocated to management and monitoring activities, while the remaining 80 percent is entirely dedicated to conservation and local development actions. The share reserved for the 119 beneficiary communes has already been disbursed. It enables financing of development projects responding to needs expressed by each commune and defined in consultation with local populations. The ministries of Environment and Sustainable Development, Economy and Finance, and Interior and Decentralization jointly ensure the monitoring and management of these funds.
Lovakanto Ravelomanana reminds that the financing received by Madagascar depends directly on the preservation of its forests. When deforestation increases, the country risks losing these international funds.