"Vilnius set to welcome 24,000 new saplings courtesy of YTEK's green initiative"
PJSC YATEK Launches Afforestation Project in Viluisky District, Yakutia
In a bid to combat deforestation and bolster the region's resilience against future climate challenges, PJSC YATEK has announced an afforestation project in the Viluisky District, Republic of Sakha (Yakutia), northeastern Russia.
Project Overview
The initiative, aimed at increasing forest cover through planting native tree species, is being carried out on an area of approximately 12 hectares in the Khampinsky National Village of the Viluisky Forestry Unit. PJSC YATEK, a company engaged in natural resource development, is leading the project with a focus on environmental protection.
Impact
The reforestation effort is expected to prevent soil erosion, improve air quality, and support wildlife habitats, fostering biodiversity in the region. Additionally, growing forest cover will act as a carbon sink, helping to offset greenhouse gas emissions and contribute to climate change mitigation.
Economically, the project may create jobs during the planting and maintenance phases, and improvements in forest resources can support sustainable timber and non-timber forest products over time. Enhancing local environmental conditions will also improve living standards and support indigenous and local communities relying on forest resources.
Cost
While exact figures for the Viluisky afforestation project aren't publicly disclosed, typical costs for such projects in Russia can range from hundreds of thousands to several million USD, depending on scale, technology used, and labor intensity. These costs generally involve seedling production or purchase, land preparation and planting, maintenance and protection of young forests, monitoring, and reporting.
Timeline
The project is expected to unfold over multiple years, beginning with the planning phase (initial assessments, seedling sourcing, and stakeholder engagement), followed by the planting phase, and ongoing maintenance and monitoring for several years to ensure the survival and growth of planted trees. Given the harsh climate of Yakutia, timing and species selection are critical to success, and monitoring may extend longer than average to adapt to local conditions.
Next Steps
The start of work is scheduled for the near future, with the contract for the work currently in the initiation stage. PJSC YATEK plans to plant over 24,000 pine saplings in the Viluisky District of the Republic of Sakha (Yakutia). The company emphasizes a responsible and sustainable approach to natural resource management in line with its commitment to principles of social and environmental responsibility in business.
PJSC "YATEK" believes that such initiatives should be an integral part of any business in today's world, especially in light of the growing importance of the carbon neutrality doctrine, which is set to become a mandatory standard on financial markets in the near future. The forests of the Viluisky District have suffered significantly from large-scale fires in recent years, making this project an important step towards restoring and preserving the region's ecosystem.
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