S1E94: Forest carbon offsets – the view from a project developer

Indonesia's Rimba Raya project developers explain how rigorous the verification and auditing process is. Synopsis: Every first and third Monday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. Forests soak up large amounts of carbon dioxide (CO2) and halting deforestation and replanting forests make sense as a strategy to fight climate change – and save nature, too. Investors who do this, want to earn a return for their efforts by selling tradeable “offsets” representing a tonne of CO2 removed, or avoided from being emitted, such as protecting a forest under threat from clearing.  But a recent investigation by The Guardian concluded that rainforest carbon offsets issued by Verra, the world's main certification body for offsets, were mostly worthless. The conclusion has been widely panned as inaccurate.  So what are these projects really like on the ground? How difficult are they and how much work goes into creating and running them?  In this episode, we speak to Todd Lemons and Jim Procanik, who developed the Rimba Raya project in Central Kalimantan in Indonesia more than a decade ago. The project saved a large area of peat swamp forest from being chopped down to grow oil palms. Lemons and Procanik explain more about Rimba Raya, the forest area and the projects to help save the forest and boost local livelihoods.  Highlights of conversation (click/tap above): 1:31 What is the Rimba Raya project and why is it important? 4:05 The project’s impact on the forest area 8:29 “The forest is our most efficient mechanism for fighting climate change.” 12:57 There are fears forest carbon projects can be damaged by fire or logging. How to address this? 17:45 “These forests have so many other benefits other than CO2 sequestration (which is the process of capturing and storing atmospheric carbon dioxide) Listen to Pt 1 - Forest carbon offsets - scam or climate saviour?: https://str.sg/ikxn Produced by: David Fogarty ([email protected]), Ernest Luis, Hadyu Rahim & Fa'izah Sani Edited by: Hadyu Rahim Follow Green Pulse Podcast here and rate us: Channel: https://str.sg/JWaf Apple Podcasts: https://str.sg/JWaY Spotify: https://str.sg/JWag Google Podcasts: https://str.sg/J6EV  Website: http://str.sg/stpodcasts Feedback to: [email protected] Follow David Fogarty on Twitter: https://str.sg/JLM6 Read his stories: https://str.sg/JLMu --- Discover more ST podcast channels: In Your Opinion: https://str.sg/w7Qt Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN Green Pulse: https://str.sg/JWaf Your Money & Career: https://str.sg/wB2m ST Sports Talk: https://str.sg/JWRE #PopVultures: https://str.sg/JWad Music Lab: https://str.sg/w9TX Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL --- Special edition series: The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2 Invisible Asia (9 eps): https://str.sg/wuZn Stop Scams (10 eps): https://str.sg/wuZB Singapore's War On Covid (5 eps): https://str.sg/wuJa --- Follow our shows then, if you like short, practical podcasts! #greenpulseSee omnystudio.com/listener for privacy information.