Rimba Raya, the largest United Nations’ REDD project for Reducing Emissions from Deforestation and Forest Degradation, has been approved by the Indonesian government and verified under the Verified Carbon Standard (VCS), a leading certification standard for carbon credits, reports Mongabay. The 64,000-hectare forest carbon project in Indonesia’s Central Kalimantan Province on the island of Borneo is expected to reduce carbon dioxide emissions by over 100 million tons during its 3-decade life-span. The emissions reductions will come from avoiding, drainage of the area’s carbon dense peatlands and avoiding conversion of its forests to oil palm plantations. Rimba Raya reduced emissions by 2.1 million tons from mid 2009 to mid 2010, resulting in the largest-ever number of Verified Carbon Units (VCUs) generated in a single year. The head of the project’s carbon credit auditing service noted that “The scale of this project is truly precedent setting, demonstrating a strong market value in preserving forests.” Supporters say the project will provide the most important global conservation of endangered orangutans by protecting critical habitat. This first Indonesian REDD project could help green light others in Indonesia, where deforestation is occurring rapidly.
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World’s largest REDD project finally approved in Indonesia
(05/30/2013) Rimba Raya, the world’s largest REDD+ project, has finally been approved by the Indonesian government and verified under the Verified Carbon Standard (VCS), a leading certification standard for carbon credits. http://news.mongabay.com/2013/0530-rimba-raya.html