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
October 23, 2024 | U.S. Department of Agriculture (USDA) | The U.S. Department of Agriculture (USDA) has announced a historic $1.5 billion investment in 92 conservation projects through the Regional C
October 23, 2024 | Moneyweekly | (in Chinese)The "Toward 2040 Net-Zero in Agriculture: Natural Carbon Sequestration and ESG Strategy Forum", co-hosted by the International Climate Development Institut
September 12, 2025 | CarbonCredits.com | New analysis shows that shade-grown coffee—long recognized for biodiversity benefits—may also represent an undervalued carbon sink within agroforestry landscap
September 09, 2024 | Klean Industries | Ocean Rainforest, a company aiming to fight climate change through large-scale seaweed farming, has launched an 86-acre open-ocean seaweed farm off the coast of
April 1, 2025 | Mongabay | Â 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
