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EghtesadOnline: A Memorandum of Understanding (MoU) was signed between the country and the United Nations for the third phase of the international program carbon sequestration in four Iranian provinces.

The MoU signed by Forests, Range and Watershed Management Organization and The United Nations Industrial Development Organization (UNIDO) is expected to cover five regions in Yazd, North Khorasan, South Khorasan and Golestan Provinces.

Carbon sequestration is a biologic process to store carbon in plants and soil, IRNA reported.

The memorandum of understanding was signed by UNIDO Resident Representative in Tehran Gary Lewis and Forests, Range and Watershed Management Organization Khodakaram Jalali.

The project started from a single village in North Khorasan, and currently is being implemented in some 300 other villages, influencing the life of 120,000 inhabitants, added Lewis.

It is not a mere soil restoration plan, rather it can lead to a full development by engaging local communities through rural community development, he added.

The international carbon precipitation is not only aimed at fighting desertification, but the plan will lead to saving energy, soil erosion prevention, economic development, and boosting employment in Iran, the UN resident coordinator in the country reiterated.

The project's benefit in just one of Golestan Province villages after being piloted was about nearly 1.8 million dollars (60 billion Rls), which is a significant figure, he added.

UNIDO Iran-UNIDO cooperation carbon sequestration