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Rimba Raya, the world’s largest carbon offset REDD+ project developer, has won a legal victory in Indonesia. This win is a significant step towards resuming operations at their expansive site in Borneo. As reported by Bloomberg on July 11, the Jakarta State Administrative Court overturned Indonesia’s Ministry of Environment and Forestry’s decision, thereby restoring the license for the Rimba Raya Conservation project.

Rimba Raya: Absorbing Carbon Emissions and Generating Carbon Credits

The Rimba Raya project in Indonesian Borneo generates carbon credits by conserving a forest area nearly the size of Las Vegas. These credits mainly come from its High Conservation Value (HCV) peat swamp forest, making it one of the world’s largest REDD+ projects. This unique area separates oil palm plantations from Tanjung Puting National Park, which hosts a vast orangutan sanctuary and has a rich biodiversity. This makes Rimba Raya an excellent conservation project.

Another notable feature of Rimba Raya is its extensive coastal tropical heath and peat swamp forest, which once blanketed much of southern Borneo. This vast swamp area actively removes approximately 130 million tonnes of carbon emissions.

Rimba Raya project was the first REDD+ initiative to be validated under the Verified Carbon Standard (VCS) and achieved triple-gold validation from the Climate Community and Biodiversity Alliance Standard (CCBA).

CarbonPlan, the climate data provider has reported that Rimba Raya has issued more than 30 million credits since 2013 and more than 25 million of those have been retired. This makes it the world’s largest single source of offsetting.

The Epic Legal Victory Fuels Rimba Raya’s Revival

The legal case continued for almost a year, after which the Jakarta State Administrative Court gave its ruling in favor of Rimba Raya. From various credible media resources, we discovered that Rimba Raya can now operate across 36,000 hectares of tropical peat swamp forest in Central Kalimantan, the largest Indonesian province by area.

Rusmin Widjaja, President of The Board of Directors at PT Rimba Raya Conservation

Rimba Raya Conservation will now focus on rebuilding its capacity and is also working to resolve a separate dispute with its partner, Hong Kong-based InfiniteEARTH Ltd.

Rimba Raya

Going Back in Time of License Revocation and Legal Battle

In April carboncredits.com reported that The Indonesian Ministry of Environment and Forestry cited three main violations by PT Rimba Raya Conservation: The main allegation was the unauthorized transfer of the permit to a third party without approval from the Minister of Environment and Forestry. The second accusation was conducting carbon trading transactions beyond its licensed area, violating its agreement with Tanjung Puting National Park. The company also faced criticism for failing to pay Non-Tax State Revenue (PNBP) as required by the law.

According to Bloomberg, this decision had put the future of the Rimba Raya project at risk. It was significantly worrisome for prominent carbon traders like InfiniteEARTH Ltd and Carbon Streaming Corps who have heavily invested in Rimba Raya’s credits. The situation showcased how complex supply chains and uncertain regulations pose challenges, even though carbon offsets are crucial for projects like Rimba Raya.

The Future of Rimba Raya: A Bloomberg Analysis

However, the recent court ruling lets Rimba Raya restart activities, rebuild capacity, and resolve disputes with InfiniteEARTH. How will this decision affect the Indonesian carbon credit market and Rimba Raya’s investors? Let’s read the Bloomberg analysis.

Will carbon credit demand rise?

BloombergNEF predicts that demand for these credits could rise sharply, possibly reaching a market value of $1 trillion by 2050. Despite turbulence and differing opinions on credibility, the demand for carbon offset credits is expected to increase in the future. Analysts at BloombergNEF (BNEF) foresee a significant expansion in VCMs, even as companies like Alphabet Inc., Google’s parent company, reassess their involvement.

Bloomberg tried to reach the Indonesian government and the CEO of PT Rimba Raya Conservation for their views but in vain.

Impact on partners and investors

The uncertainty around Rimba Raya’s future has impacted its partners and investors. Verra has temporarily suspended InfiniteEARTH’s account while clarifying its role with PT Rimba Raya. This consequently affected the fair value of the Rimba Raya stream, nullifying it to zero on March 2024.

On May 31, 2024, the company announced major management and board changes. Christian Milau, the former CEO of Equinox Gold, has been appointed as the new interim CEO, with Olivier Garrett taking on the role of board chairman.

However, on a positive note, Carbon Streaming, which has an agreement with InfiniteEARTH for Rimba Raya credits, is evaluating the situation. They are communicating with partners and considering the legal options to protect their investment. The company promised to continue the project, despite unclear regulations in Indonesia, as noted in its Annual Information Form on the SEDAR+ platform. Meanwhile, InfiniteEARTH argued that Indonesia’s legal framework for carbon projects lacks clarity and denied any wrongdoing.

Indonesia plans to lift its ban on overseas credit sales to boost revenue, ensuring compliance with carbon trading rules and the Paris Agreement. All in all, this epic ruling on Rimba Raya is going to etch a history in Indonesia’s carbon credit market.

Disclaimer: Data and facts have been collected primarily from Bloomberg.

The post Rimba Raya Resumes Operations in Borneo with Epic Legal Victory appeared first on Carbon Credits.

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The Strategic Case for Nature-Based Carbon Investments

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Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.

1. Define the sourcing problem before choosing a project

Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.

This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.

CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.

2. Develop nature-based carbon investments around the actual supply chain

The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?

Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.

Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.

The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.

3. Compare the proposal with other ways to protect supply

WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.

The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.

The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.

The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.

4. Establish what the carbon outcome could count toward

Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?

Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.

SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.

For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.

Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.

5. Build a financial case that survives weaker assumptions

Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.

Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.

Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.

A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.

6. Fund a pilot with a clear expansion decision

Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.

Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.

Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.

This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.

Discuss a sourcing opportunity with CCC

Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.

Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.

Sources

  1. Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
  2. World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
  3. Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
  4. United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
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Carbon Footprint

How to buy plastic credits, and what to check before you do

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A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.

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Carbon Footprint

EU carbon credit claims after 27 September 2026

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EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.

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