Last week, REDD-Monitor wrote about a Greenomics Indonesia report that questioned whether the Rimba Raya REDD project in Indonesia has the necessary approvals from the government of Indonesia. Infinite Earth, the project developer, responded by refuting the Greenomics Indonesia report.
Tag: Carbon Credits
Rimba Raya REDD project: Response from Infinite Earth to Greenomics Indonesia’s report
Yesterday, REDD-Monitor wrote about the Rimba Raya REDD project in Central Kalimantan, Indonesia, focussing on a report by Greenomics Indonesia, which stated that only 36,331 hectares of the project area had the necessary Ecosystem Restoration License. Infinite Earth, the project developer, has posted a statement on its website in response to the Greenomics report.
Greenomics Indonesia accuses Rimba Raya REDD project of misleading the public and the carbon market
At the end of May 2013, several articles appeared about the approval of the Rimba Raya REDD project in Indonesia. “World’s largest REDD project finally approved in Indonesia”, and “Perseverance Pays Off For World’s Largest REDD Project”, were two of the headlines. A few days later, these headlines were edited to reflect the fact that…
Australia to replace carbon tax with emissions trading scheme
Australia’s carbon tax started in July 2012. The carbon price was supposed to be fixed until July 2015, at which point it would be replaced by an emissions trading scheme. This week, prime minister Kevin Rudd announced that emissions trading will start a year earlier than planned.
In 2012, the market for REDD carbon credits shrank and the price fell
Ecosystem Marketplace recently released its State of the Voluntary Carbon Markets 2013. During 2012, the market for voluntary carbon credits grew by 4% in volume, reaching 101 million tonnes of carbon offsets. But the market value decreased by 11% as the average price of voluntary carbon credits fell from US$6.2 in 2011, to US$5.9 in…