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The signing ceremony of the MOA for the Pilot Project on Carbon Accounting, Verification, and Certification System was held on November 9, 2018 at the N Hotel in Cagayan de Oro City. The MOA was signed by FMB Director Nonito Tamayo, DENR 10 Regional Executive Director Arleigh Adorable, and Engr. Tito Mendoza, representative of Holcim Resources & Development Corporation (HRDC), the private sector partner for CAVCS.

CAVCS is a system that provides incentives to the private sector to invest in projects such as forest protection, reforestation, and forest restoration.

In his welcome message, Director Tamayo mentioned that the piloting of CAVCS is crucial as it is consistent with the Philippine’s commitment under the United Nations Framework Convention on Climate Change (UNFCCC) and other international agreements, conventions, and protocols on the reduction of greenhouse gas (GHG) emissions in the country.

Engr. Tito Mendoza mentioned in his message that HRDC has long been engaged in reforestation and biodiversity conservation projects, especially in Mindanao. He said that piloting the CAVCS will allow HRDC to demonstrate further their commitment to forest protection and reforestation.

The MOA Signing was attended by representatives of FMB, DENR Region 10, PENRO Bukidnon, CENRO Manolo Fortich, and HRDC.
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