Environmental Action Plan (Madagascar)

In Madagascar, the Environmental Action Plan or Plan d'Action Environnementale (PAE) was established in 1992 to address the threats to its biological resources. Within the PAE, Madagascar aims to develop a biodiversity offset policy for mining and logging companies along with other incentives for environmental protection. Although no national offset program exists as of yet, some voluntary projects have taken place, laying the groundwork for a future scheme. Two mining companies, Rio Tinto and Ambatovy, are currently creating biodiversity offsets for their mining projects on a voluntary basis. The first, Ambatovy's nickel mining project, is a Business and Biodiversity Offsets Program (BBOP) pilot project hoping to produce net positive conservation outcomes by establishing a corridor between existing Ankeniheny-Zahamena Corridor and the forest surrounding the mine area, supporting the management plan for the Torotorofotsy Ramar wetland system, expanding reforestation activities along the pipeline it will build and planning to replace forest that was removed on the mine footprint after closure of the mine. QIT Madagascar Minerals, a subsidiary of Rio Tinto, has produced offsets for its three ilmenite mines located in rare littoral forest containing threatened and endemic species. The project claims to have net gain of 5,095 hectares.

Program Statistics

Date Established: 1992 Status: Active Program Type: One-Off Offset
About the program:
Annual size of program (area): (acre) Year of Data:
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Annual payments of program (US$): Year of Data:
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Species or habitat types (if applicable):
Notes: http://www.forest-trends.org/publication_details.php?publicationID=522
Bank regulator information: National Office for the Environment, one@pnae.mg Last Updated: June 29, 2010