Carbon credit scheme for Indonesia’s rainforest launched

January 17, 2014 3:11 AM

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Carbon credit scheme for Indonesia’s rainforest launched

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.

It was built from the ground up by Columbia University’s Center for Environment, Economy and Society; Bolivia’s PUMA Environmental Fund Foundation; Brazil’s Fund for Biodiversity; Colombia’s Environmental Action Fund; Ecuador’s National Environmental Fund; and Peru’s Trust Fund for National Parks and Protected Areas, to accommodate the ecological conditions and social realities of the Amazon region and the demands of emerging carbon markets.

To examine the RFS to be implemented in several types of site conditions, the consortium — the University of Columbia, University of Indonesia and Sustainable Management Group (SMG) with USAID funding support — agreed to undertake action research to develop REDD+ carbon credit using RFS.

Jatna Supriatna, head of the University of Indonesia’s Research Center for Climate Change, explained to The Jakarta Post that the RFS was modified to adjust to conditions in Indonesia, including the local community and the forest model.

“This model will be tested/tried out at the West Bali National Park, considering that the park already has good management, with support from Sustainable Management Group.”

Source: eco-business.com

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