60 Fostering Sustainable Ecosystems Message from CEO Corporate Overview Corporate Governance and Business Ethics About the Report Congo Basin Forest Conservation and Partnership Initiative varieties by 2027. Additionally, the program aims to expand certified forest areas to a total of 2 million hectares by 2027. Successful completion of the feasibility phase could pave the way for a full-scale project with an estimated budget of USD 20 million. The CAFI Secretariat has awarded Arise IIP a grant of USD 500,000 to conduct feasibility studies for carbon and forestry projects within its special economic zones in the Democratic Republic of Congo, Gabon, and the Republic of Congo. The studies will focus on initiatives such as providing decarbonized electricity, distributing biochar, establishing an arboretum within the industrial zone, transitioning GSEZ’s transport fleet to biofuels— including 230 trucks, 430 wagons, and 3 barges—and exploring markets for 20 lesser-known timber species to alleviate pressure on commercially exploited
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