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.
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 119 million tons over its 30-year life-span. The emissions reductions will come from avoiding drainage of area's carbon dense peatlands and conversion of its forests to oil palm plantations.
According to SCS Global Services, the auditor that verified the project's carbon accounting, Rimba Raya reduced emissions by 2.1 million tons between July 1, 2009 and June 30, 2010, resulting in the largest-ever number of Verified Carbon Units (VCUs) generated in a single year.
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