Overview
This project focuses on protecting a forest area in the Nunukan Regency. The asset owner is in the final stage of proposing a forest license for environmental services (IUP-JL) under the Ministry of Environment and Forestry license. The area faces a significant threat of conversion to an oil palm plantation by another company. By preventing this conversion and restoring the threatened forest to protected status, the project aims to contribute significantly to emissions reduction, totaling 20 million tons of CO2 equivalent over 40 years. The project area includes secondary dryland forests, non-forest areas, and peat areas.
Country
Indonesia
Location
North Kalimantan
Project Area
11,713 Ha
Certification
Eligible Methodologies
VCS VM0007, VM0033, VM0047, VM0048
Current Phase
PDD Development, Feasibility Study Completed
SDG Targeted
Type of Financing
Project Equity, Pre-Purchase
Financing Required
$4-6 million
Est. VCU Produced / year
WRC-CIW: 358,127 - 450,217 tCO2e/year
RWE: 7,478 - 11,170 tCO2e/year
ARR: 2,884 - 4,804 tCO2e/year
APD: 28,252 - 35,517 tCO2e/year
Target Projected Duration
40 years
Target Issuance Year
2027
