The Mozambican government signed on Monday with the Italian energy giant Eni a memorandum of understanding (MOU) for the definition of sustainable development and decarbonization projects.
In the presence of the President of Mozambique Filipe Nyusi, the signing of the Memorandum provides for the cooperation between Eni and Mozambican government in the definition of joint initiatives to support the country’s National and Local Economic and Social Development Agenda.
“The memorandum foresees a set of initiatives focused on sustainable forest management, and will contribute to supporting communities,” said Eni’s Chief Executive Officer Claudio Descalzi who signed on behalf of the company.
Areas of cooperation include emissions reduction, fostering conservation and sustainable management of forests, and enhancement of forest carbon stocks, with the initial objective to protect one million hectares of forests, which will allow offsetting the future CO2 production from Eni’s projects in the country, reads the Eni’s press release.
Other initiatives include access to energy, industry, innovation, infrastructure development and etc., which will be defined within the framework of the United Nations Sustainable Development Goals, and the Nationally Determined Contributions undertaken by each country to reduce national emissions as part of The Paris Agreement, according to Eni.
Eni has been present in Mozambique since 2006, with the acquisition of a participation interest in the Area 4 oil exploration concession, deep offshore the Rovuma basin, in the north of the country. Enditem