A Memorandum of Understanding was undertaken between the ZDS Provincial Government headed by Gov. Victor J. Yu and two Malaysian investors Rob Cayzer of Kitaran Tabah and Vincent Ng of Valor Advisory for the very first “Blue Carbon Offset” Project in the country, to be established here in the province.
The initiative aims to reduce carbon footprint through mangroves which is said to be one of the most effective and economic methods of offsetting carbon emissions.
Present as witness of the MOU signing were 1st District Cong. Divina Grace C. Yu, Provincial Legal Officer Atty. Jose Ruel Saniel and Engr. Demetrio Luis E. Dalid, OIC-Provincial Planning and Developmental Office.