Degraded forest in Borneo (Photo: M.Faqih/Climate&GIS Technical staff)
Indonesia's Ministry of Environment and Forestry has struck a blow to the Rimba Raya project on Borneo Island, one of the world's largest carbon offset initiatives, by revoking its license due to violations of local regulations.
The Ministry of Environment and Forestry's action affects more than 36,000 hectares in Central Kalimantan. This area is part of a project that has issued more thank 30 million credits since 2013, according to non-profit CarbonPlan.
