This A/R CDM project under the direction of Nova Cell (DRC), and with finance from CASCADe Africa, a multi-lateral conservation fund, seeks to sequester 2.4 million t CO2-e through fast growing plantations on savannah grasslands and to supply the capital Kinshasa with charcoal through sustainable fuel wood production (UNFCCC CDM 2011). The World Bank BioCarbon fund has agreed to purchase 500,000 tCERs (temporary certified emission reductions), supposedly derived from converting 4 200 ha of grassland to tree plantations. The BioCarbon Fund played a pivotal role in enabling NOVACEL to obtain the private sector loans to finance the project’s upfront investments and facilitated the participation of a second carbon buyer, Orbeo, a subsidiary of the French conglomerate Société Generale and Rhodia. UMICORE, SUEZ and the AFD (French Development Agency) are financing part of the investment needs for the project. UNEP’s CASCADe program is providing technical assistance. Ibi Bateke is widely promoted as a success despite not yet being registered by the CDM. However, a 2006 case study describes how the Batwa people in the DRC were exploited and excluded from consultation, according to the report entitled the Impacts of the Carbon Sinks of Ibi-Batk Project on the Indigenous Pygmies of the Democratic Republic of the Congo by Sinafasi Makelo.