The Rainforest Standard (RFS) is the world’s first carbon credit standard to fully integrate requirements and protocols for carbon accounting, sociocultural, and socioeconomic impact, and biodiversity outcomes. It was built from the ground up by Columbia University’s Center for Environment, Economy and Society (CEES); Bolivia’s PUMA Environmental Fund Foundation; Brazil’s Fund for Biodiversity; Colombia’s Environmental Action Fund; Ecuador’s National Environmental Fund; Peru’s Trust Fund for National Parks and Protected Areas, to accommodate the ecological conditions and social realities of the Amazon region and the demands of emerging carbon markets. Because the standard was originally designed for Amazon region, the consortium — the University of Columbia, University of Indonesia, and Sustainable Management Group (SMG) with USAID funding support — agreed to undertake action research to develop Reducing Emissions from Deforestation and Forest Degradation (REDD+) carbon credit using RFS. The demonstration project, which contains quantifiable measurements, will represent carbon credit requirement information. Therefore, West Bali National Park (TNBB) was chosen as Indonesia’s first attempt to tried out the carbon-trading mechanism via modified RFS which has been adjusted with condition in Indonesia. In the future, the goal was to be able to sell the carbon on the voluntary market, with part of the proceeds from sales used for conservation of West Bali National Park.
Jatna’s official statement to the press:
This model will be tested/tried out at the West Bali National Park, considering that the park already has good management, with support from Sustainable Management Group. We have set a target that within the next one year or two, we will have discovered the appropriate and standardized mechanism to develop carbon credits using the RFS system. The most important thing is to protect the condition of the forest and its biodiversity, and prevent deforestation. Thorough monitoring should be conducted to detect any changes in the forest’s condition.