The Seima Protection Forest (SPF) demonstration project, the first REDD-based wildlife protection, is the second REDD project which was officially declared by the Council of Ministers in Cambodia. The REDD pilot project was launched in mid 2008 with the collaboration between Forestry Administration (FA) and Wildlife Conservation Society (WCS). The project aims to expand and improve law enforcement activities, to register existing communities land claim, and to provide incentive for communities to protect forests. According to the feasibility study by Winrock International, the project was highly feasible and that even under a conservative scenario would avoid millions of tons of carbon emissions. It is estimated that 1.5 tone of CO2 will be sequestrated over the 5 years period 2008-2012 if 50 % of deforestation is decreased in the project area. Even at a low carbon price of US$5 per ton in the voluntary market, it is conservatively estimated US$5.4 million of revenues. However, the project design document (PDD) is under preparation and it is hoped to finish later this year after some further survey, analysis and consultation with the stakeholders.The project is expected to submit for verification by the Voluntary Carbon Standard (VCS) and the Climate, Community and Biodiversity Alliance (CCBA) in 2010.
