Indonesia revokes license of world’s largest forestry offsets project
April 30, 2024 | The Straits Time |
In Jakarta, the Indonesian government has revoked the license of one of the world’s largest carbon offsets projects in Central Kalimantan, Borneo, covering over 36,000 hectares. Rimba Raya Conservation, responsible for issuing more than 30 million credits since 2013, faces allegations of violating local regulations by transferring its license without approval, exceeding its sanctioned area, and failing to make required payments. This move raises uncertainties for carbon markets, traders, and companies relying on Rimba Raya credits to offset emissions. It underscores the risks associated with complex carbon offset schemes amid evolving government regulations. The development could impact partners like Hong Kong-based InfiniteEarth, which markets the project and is seeking clarity from Indonesian authorities. Toronto-based Carbon Streaming, set to buy millions of credits, is also awaiting further updates.
Viewed Articles
April 30, 2024 | The Straits Time | In Jakarta, the Indonesian government has revoked the license of one of the world’s largest carbon offsets projects in Central Kalimantan, Borneo, covering over 36,
Read More
March 20, 2025 | Agri-harvest (In Chinese) | Taiwan’s Ministry of Environment has approved a new voluntary carbon reduction methodology—“Improved Agricultural Soil Management”—proposed by the Ministr
April 23, 2025 | ESG News | Nestlé and ofi (olam food ingredients) have launched their largest joint agroforestry initiative, aiming to cut over 1.5 million tons of CO₂ emissions by 2055. The program
May 21, 2025 | Carbon Herald | Japan has initiated an offshore blue carbon research project to explore carbon capture and storage through marine vegetation, including kelp and mangroves. The Environm
April 1, 2025 | Mongabay | Agroforestry has been steadily gaining ground over the past eight years in the U.S., with the number of projects increasing 6% nationwide according to a new study. A federa
January 23, 2025 | CNA NetZero (In Chinese) | Taiwan’s Ministry of Agriculture outlined three key strategies to support the nation’s net-zero goal during the 3rd meeting of the Taiwan’s National Clim
