The World Bank Report No: ISR5383 Implementation Status & Results Ethiopia Humbo and Soddo Community-Based Natural Regeneration Project (P098428) Public Disclosure Copy Operation Name: Humbo and Soddo Community-Based Natural Regeneration Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 20-Jul-2013 Project (P098428) Country: Ethiopia Approval FY: 2008 Product Line: Carbon Offset Region: AFRICA Lending Instrument: Implementing Agency(ies): Key Dates Board Approval Date 15-Nov-2007 Original Closing Date 31-Dec-2018 Last Archived ISR Date Effectiveness Date 22-Jul-2010 Revised Closing Date 31-Dec-2018 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Highly Satisfactory Overall Implementation Progress (IP) Highly Satisfactory Overall Risk Rating Implementation Status Overview With regard to the restoration of about 2,800 hectares of bio-diverse native forest, the achievements are significant when one visually compares the situation in 2006 compared to early 2013. The carbon verification measurements carried out by TÜV NORD and JI/CDM CP in December 2011 confirmed that the project achieved emission removals in the amount of 73,339 tons of Co2 which is 4.96 percent higher than the ex-ante determined value estimated in the PDD of 69,869 tons of CO2. The verified sequestration is over 100 percent above the conservatively stated ERPA. The project has created a carbon sink by absorbing and storing greenhouse gases from the atmosphere. About 888,000 metric tons of carbon dioxide from the atmosphere is expected to be absorbed and credited over the next 30 years. The World Bank's BioCarbon Fund has started the purchase of 165,000 tonnes worth of these credits and will pay close to US$826,000 to the local communities over a minimum of ten years. Further revenue will be available to the community from the sale of the remaining carbon credits not purchased by the World Bank, as well as from the sale of timber products from designated woodlots in the project area. The seven participating communities have user rights. The communities manage and administer the enclosed area themselves and have thus moved from passive victims of climate change to active agents that can act to change the situation. Public Disclosure Copy The regeneration of the degraded landscape of Humbo mountain has resulted in an increased production of wood biomass, tree products, non-timber forest products such as honey and fruit which contribute to household economies. Improved land management has also stimulated grass growth, providing fodder for livestock that can be cut and sold as an additional source of income. Also the regeneration of the native forest has provided important social and economic co-benefits as well as ecological/environmental co-benefits including restoration of biodiversity and habitat for many local species and reduce soil erosion and flooding. Locations Country First Administrative Division Location Planned Actual Ethiopia Not Entered Sodo Ethiopia Not Entered Humbo Page 1 of 2 The World Bank Report No: ISR5383 Key Decisions Regarding Implementation The PHRD grant contributed by the Government of Japan for upstream work formally closed on June 30, 2010 with a final disbursement deadline date of October 31, 2010. Implementation of the PHRD and other grant funds for upstream work including capacity building ofstaff at the Federal Environmental Authority (FEPA) and community institutions, drafting community by-laws and establishing benefit sharing arrangements, developing income generating activities for affected communities, etc. Other main activities included the Public Disclosure Copy promotion of natural regeneration through farmer-managed natural regeneration techniques, enrichment plantings, sustainable land and water management and agroforestry around homesteads, etc. The Humbo Project closed on June 30, 2012. A draft Implementation Completion Report (ICR) has been completed and will be submitted soon to Bank management for review and clearance. Related Projects There are no related projects. Public Disclosure Copy Page 2 of 2