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Climate Change

Indonesian carbon credit project appears to betray its purpose

Nikkei investigation shows credits being sold exceed potential absorption gains

The Katingan Mentaya Project has issued credits equivalent to 30 million tons and brought in an estimated $210 million since 2017.  (Photo courtesy of Katingan Mentaya Project) 

TOKYO -- One of the world's largest forest preservation projects, in Indonesia, has issued credits up to three times more than the amount of carbon dioxide it is likely to absorb, Nikkei has found, an apparent incongruity that if repeated could lead to a flood of unworkable "carbon zero" projects.

Rimba Makmur Utama, an Indonesian property development company managing the Katingan Mentaya Project, denies the allegations.

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