MAKIRA FORESTY PROJECT IN MADAGASCAR The project was set up by the Wildlife Conservation Society, the government of Madagascar and other partners that worked closely with the local communities living in the Makira plateau in north-eastern Madagascar. The project established a protected area that is financed by the marketing and sale of CO2 emissions reductions credits from the project. The funds from carbon sales, generated through the avoided deforestation of the Makira forest, is used to finance the long-term conservation of the forests, improve community land stewardship and governance, and support sustainable livelihood practices leading to improved household welfare.