17 January 2014
A new standard to measure carbon for rainforests was launched Thursday at the West Bali National Park, an initiative that designates the island’s forest conservation site as the pilot project for research to develop a carbon credit mechanism.
Launched by the Consortium for Rainforest Standards in Indonesia, this landmark initiative is expected to help reduce the loss of Indonesia’s tropical forests and biodiversity.
It is also to provide a new way of generating income for the management of protected areas on a large scale, with full engagement of the private sector in its implementation.
The Rainforest Standard (RFS) is the world’s first carbon credit standard to fully integrate requirements and protocols for carbon accounting, sociocultural and socioeconomic impact, and biodiversity outcomes.
Read more in The Jakarta Post