26 June 2014
Just over a year ago, the Indonesian government officially approved the country's first REDD+ forest carbon conservation project: Rimba Raya, which aims to protect more than 64,000 hectares of peat forest in Central Kalimantan. The approval came after years of delays from the Ministry of Forestry and a substantial reduction in the project's concession area. It also coincided with a period of plunging demand and prices for carbon credits in the E.U., the world's largest market. But InfiniteEarth, the firm behind the project, pressed on. Now a year later, Rimba Raya's is not only still in business, but is scaling up its operations, including developing programs that support livelihoods that depend less on forest destruction and extraction.
Cognizant of the ups and downs of the carbon market, Todd Lemons, Founder of InfinteEARTH, says the project is about more than just selling carbon credits.
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