Despite Challenges, REDD Carbon Credits Can Provide Economic Benefits

The Rimba Raya Biodiversity Reserve REDD Project in Indonesia has been placed on hold, Ecosystem Marketplace reported at the end week. The project has suffered a significant setback as a result of at the end month’s choice by community administration officials to palm over half of the project’s land to a palm oil plantation. The latest developments encircling what was perhaps one of the most promising REDD projects in the earth, immediately cast a shadow on the success of REDD initiatives altogether. More information: expat living

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