World’s Largest Forestry Offsets Project Has License Revoked
Carbon offsets are a key component of tackling climate change, allowing polluters to counter their emissions by buying credits from projects like forest reserves in Indonesia.
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The future of one of the world’s largest carbon offsets projects is in doubt, after the Indonesian government revoked its license for violating local regulations.
The Ministry of Environment and Forestry’s action covers more than 36,000 hectares (88,958 acres) in Central Kalimantan, on the island of Borneo. The area is part of a project that has issued more than 30 million credits since 2013, according to data from non-profit CarbonPlan.