The Rimba Raya Project and the Market for Carbon

Adapting our behavior to climate change can be a long and difficult process. The more stakeholders involved, the more complicated and bureaucratic and it can become. Take this article, for instance, which details a forest preservation project in Indonesia that has been both delayed and reduced while it has progressed. The Rimba Raya Project, on the island of Borneo, was to preserve 225,000 acres of tropical rain forest that is valued at about $500 million in carbon credits. Todd Lemons, who has worked on the project with Russian company Gazprom, discusses his frustration in the article: "Success was literally two months around the corner...We went through -- if there are 12 steps, we went through the first 11 on time over a 2-year period. We had some glitches, but by and large we went through the rather lengthy and complicated process in the time expected."

Watch the video below for more information about the Rimba Raya Project and carbon trading:

Dan Barry, of Gazprom, discusses his company's work in the carbon credit market.