Tullow and Ghana Forestry Commission to Launch Carbon Offset Project.

Accra: Multinational oil giant Tullow and the Ghana Forestry Commission are set to embark on a full-scale implementation of a collaborative carbon offset project initially launched earlier this year. The initiative aims to contribute significantly to environmental conservation efforts in Ghana.According to Ghana News Agency, the Forestry Commission, with support from Tullow, will engage stakeholders at both national and regional levels to finalize the project's specifics. Key activities are slated to include a comprehensive environmental and social impact assessment alongside capacity-building programs aimed at promoting sustainable forest management.The carbon offset project aligns with Ghana's Reduced Emissions from Deforestation and Forest Degradation (REDD+) Strategy and aims to conserve and restore approximately 2 million hectares of land across the Bono and Bono East regions. The project is expected to generate up to one million tonnes of certified carbon offsets annually. This project is crucial to Tullow's broader net-zero strategy, with the carbon offsets developed under leading certification standards intended to mitigate emissions that are difficult to abate.Julia Ross, Tullow's Director of People and Sustainability, expressed that the initiative is a testament to Tullow's commitment to sustainable operations and environmental stewardship. Ross highlighted that the investment in this project underscores Tullow's dedication to supporting forest conservation and generating long-term environmental and social benefits for Ghana. She also indicated that this venture is envisioned as the first of many programs that will aid host nations in achieving their development and climate objectives.Additionally, Tullow is concentrating on decarbonizing its operations, with a focus on eliminating routine flaring in the short term.