Primary Industry
-
IndustryEnvironmental Services
-
Size51-200 employees
-
Company TypePublic Company
Katingan Mentaya Project is currently the biggest Verified Carbon Standard (VCS) approved REDD+ project in the world, it generates an average 7.5 million triple gold certified carbon annually; equivalent to taking 2,000,000 cars off the road each year. The project zone located between Mentaya river to the west and Katingan river to the east.
Over 90% of the carbon in Katingan Mentaya Project is in the underlying peat soils. The area was under threat of conversion to an industrial acacia plantation. This would have resulted release of carbon through forest clearance, draining and burning of the underlying peat. Through performance-based carbon financing, Katingan Mentaya Project offers a viable alternative to conversion, preventing the release of greenhouse gases equivalent to 477,110,760 tonnes of carbon dioxide over 60 years.
