Connect with us

News

Rimba Raya Becomes First Forest Conservation Project in the World to Achieve 3rd Party-Verification of Contributions to the UN Sustainable Development Goals (SDGs).

Published

on

Rimba Raya is the world’s first forest conservation project to independently verify its contributions to environment, biodiversity and social SDGs under the newly created Sustainable Development Verified Impact Standard (SD VISta).

Borneo, Central Kalimantan, Indonesia, September 21 2020 – Everland llc, the agency exclusively representing InfiniteEARTH’s Rimba Raya Biodiversity Reserve in Borneo, is pleased to announce that Rimba Raya is the world’s first forest conservation project to independently verify its contributions to environment, biodiversity and social SDGs under the newly created Sustainable Development Verified Impact Standard (SD VISta).

SD VISta was developed by Verra, a leading standards organization created to help countries, the private sector, and civil society to achieve ambitious sustainable development and climate action goals.

SD Vista enables projects to assess the sustainable development benefits they generate directly against the SDGs. Under SD VISta, projects must demonstrate to the satisfaction of a third-party assessor that they advance the SDGs. By successfully completing the SD Vista audit, Rimba Raya now brings a new level of quality assurance and transparency to the reporting of its project outcomes and impact claims.

Since 2009, the Rimba Raya project has successfully defended 64,500 hectares of carbon- and biodiversity-rich lowland peat forest from conversion to oil palm plantations, which surround the project area and the adjacent Tanjung Puting National Park, a UNESCO Biosphere Reserve. Rimba Raya protects over 120 threatened and endangered species in the project area and supports over 10,000 forest-dependent community members living in and along the boundaries of the project, who have traditionally held no formal land tenure. The project has been developed and managed since inception by InfiniteEARTH, a pioneering conservation project developer.

Oil palm concessions, which completely surround Rimba Raya and Tanjung Putting and which have destroyed 2.4 million hectares of Borneo’s forests since 2000, had been granted for the entire project area before the project successfully halted them. In recognition of the project’s success in halting deforestation, it achieved verification as a REDD+ (Reducing Emissions from Deforestation and forest Degradation) project, under which it has generated over 33 million tonnes of verified CO2 emissions reductions since the start of the project. These verified emissions reductions are sold to corporations which voluntarily offset their unavoidable emissions as well as support meaningful social and biodiversity co-benefits.

Among these co-benefits, SD VISta auditors have verified Rimba Raya’s numerous contributions to the SDGs, including:

  • Mangrove restoration and peat swamp reforestation: Rimba Raya has carried out significant restoration activities, providing educational opportunities, strengthening community resilience and capacity to respond to climate change, contributing to gainful employment throughout the project zone, increasing habitat for endangered species, and improving the integrity of water-related ecosystems. SD Vista auditors verified that that these activities will directly contribute to net positive impacts for SDGs 4, 13, 14, 15 and, indirectly, 6, 8 and 11.
  • Orangutan Care Facility: A portion of the revenues from the sale of the project’s carbon credits are used to fund project partner Orangutan Foundation International’s ongoing activities, including new programs for reforestation of critical orangutan habitats and acquisition of viable habitat. In addition, the project will build three new orangutan release centers and six feeding platforms at strategic locations inside the Project Area. The auditors verified that this activity will generate net positive impacts for SDGs 11 and 15.
  • Scholarships: A portion of the revenue from the sale of the project’s carbon credits goes toward educational scholarships, to create opportunities for students from less fortunate families to continue their education to senior high school level or equivalent for a period of 3 years. Auditors verified that these activities generate net positive impacts for SDG 4 through the increase in availability of higher education opportunities for children throughout the project zone.
  • Floating Clinic: With a total absence of health care available in the project’s remote villages, the project constructed and operates a floating clinic, giving it the ability to deliver medical services up and down the Seruyan River, effectively servicing all the communities in the Project Zone. Auditors confirmed that this activity will directly contribute to net positive impacts for SDG 3 – Good Health and Well-being.

“Buyers, now more than ever, seek projects that satisfy both environmental and social development goals. The SD VISta standard provides buyers of credits with a new standard to discern the specific impacts of a project.” said InfiniteEARTH Co-Founder Jim Procanik

“This is a crucial milestone. By completing the registration and successful verification of monitored results under SD VISta, Rimba Raya has demonstrated how projects can track progress against the SDGs in a rigorous and workable manner”, states David Antonioli, CEO of Verra. “Many corporations who rely on carbon credits to meet ambitious climate goals value knowing that the carbon credits they purchase and retire have additional benefits beyond reducing emissions – and Rimba Raya’s SD VISta certification demonstrates that this project has accomplished that.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Continue Reading
Comments

News

Atiku Condemns Recent Trend Of Scooping Fuel From Fallen Tankers, Says it is Suicidal

Published

on

atiku-abubakar

The reoccurring trend of scooping fuel from fallen tankers by Nigerians in some parts of the country has continued to spark reactions, with the latest coming from Former Vice President and presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Atiku Abubakar.

Atiku spoke via a statement on X handle on Thursday, October 24, while reacting to a viral video showing residents scooping petrol from a fallen tanker in Akamkpa Local Government Area of Cross River State.

The footage, which spread like wildfire captured dozens of locals with buckets and containers, collecting fuel without fear or regard for their safety.

Furthermore, Atiku’s reaction comes shortly after a tragic incident in Jigawa State on October 16, where over 180 people lost their lives and many others were injured while engaging in the risky act.

A tanker, loaded with petrol, had fallen off the road along the Kano-Hadejia expressway and residents present at the scene saw an opportunity to get free petrol.

However, as the victims scooped the fuel, that was when the explosion occurred.

In his reaction, Atiku warned that the economic hardship ravaging the country is not enough for Nigerians to mortgage their lives.

According to him, government agencies should engage citizens and educate them on the dangers of scooping petrol from a fallen tanker.

Atiku decried the tragic incident in Cross River.

He described the act as a suicidal one and called on the government to do everything in its power to avert such tragedies.

Atiku’s statement reads, “I know that the times are tough for Nigerians. However, your lives are the most precious things that should never be mortgaged.

“This is why it is pertinent that the concerned government MDAs should commence a robust campaign to educate citizens on the dangers of scooping fuel from fallen petroleum tankers.”

“Your lives matter to you and your loved ones. Scooping petrol, a highly flammable liquid from a fallen tanker, is a suicide that no one should undertake.

“We’ve experienced too many tragedies from incidents such as the latest one in Cross River State, and everything must be done to avert another. -AA”

Continue Reading

Travel

Kogi Govt Secures FG’s Approval For International Airport Project

Published

on

Omicron

Kogi State under the leadership of Governor Usman Ododo has secured the approval of the Federal Ministry of Aviation and Aerospace Development to construct an international airport in the Zariagi area of the state.

This was made known in a statement on Friday by the State Commissioner for Information and Communications, Kingsley Fanwo.

Fanwo revealed that the approval for the Kogi State International Airport which is a top priority for Governor Ododo’s government was confirmed through a letter dated October 9, 2024.

He noted that besides the potential to boost the state’s economy, the project will tackle unemployment in the state with the creation of jobs and will also push the state to the global scene.

The statement revealed that the governor expressed thanks to President Bola Tinubu and the aviation minister for approving the project which has the capacity to develop the state.

He disclosed that the aviation team sent to inspect the location of the project were satisfied. They also approved the state government’s plan regarding the project.

The Commissioner stated, “The Ododo Administration has considered it a top priority for Kogi State to have an International Airport and join the league of the aviation hub. The strategic location of the state is no doubt, an invaluable advantage in harnessing the aviation service market as the centre of the nation.

“The project will not only boost the economy of the State, it will also create jobs and bring the potential of the state to the global scene.

“The Governor is determined to hire the best hands in the industry to make the project a huge success. As you are aware, aviation is an industry of trust and standards.

“We thank President Bola Ahmed Tinubu, GCFR and the Aviation Minister for the historic approval that will help to further develop Kogi State. We want to also say that the Airport will also have capacity for Cargo as that is one of our key focuses in the project.”

“Zariagi is a very strategic community that already boasts of an airstrip. The team from the Ministry of Aviation and Aerospace Development was satisfied with the location and the plans of the Kogi State Government on the project.”

In related news, the Kogi State government on Monday, October 7 announced an immediate salary increase for civil servants in the state.

According to the governor, the new wage of N72,500 aims to help civil servants in Kogi cope with the economic hardship in the country and support families in the state.

The Governor also announced a one-year suspension of the Pay-As-You-Earn (PAYE) tax.

Continue Reading

News

Okonjo-Iweala, Simon Ekpa Trade Words Over Fake $57.5 Billion Loan From World Bank

Published

on

Financial Inclusion

The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has denied claims by the self acclaimed Prime Minister of the Biafra Republic Government, Simon Ekpa that she helped the group secure a $57.5 billion loan from the World Bank and International Monetary Fund (IMF).

Okonjo spoke via her official X handle on Thursday while reacting to a tweet allegedly shared by Simon Ekpa.

In the viral post, it was alleged that Okonjo helped to secure the $57.5 billion loan for the secessionist group to help form their government after December 2024.

Reacting to this claim, Okonjo said that the claim was outrageous and should not be believed by any Nigerian.

She emphasized that the statement was false and also warned those involved to desist from misusing her name.

She wrote, “I know no sensible person will believe what is contained in the outrageous tweet below but in these troubled times it is important to underscore that the statement is false. Again I enjoin all those seeking to misuse my name to desist!”

Reacting to Okonjo’s post, Simon Ekpa denied sharing the information stating that it is fake.

However, he attacked the WTO boss for defending her name while always keeping silence over the rising activity of terrorism in the South East.

Simon Ekpa wrote, “Dear Madam @NOIweala, i never tweeted such, it is even surprising that you can tweet this because your name was mentioned, we have been tweeting about the Nigeria terrorism against your people and you never responded nor showed any remorse.

“Here you are, defending what nonentities did with your name, but have been mute about all the killings by the government you served. I congratulate you for always defending yourself and your integrity, even when they are photoshopped. It shows you are really a mother. Thank you for defending yourself but i never tweeted such thing, it is false and fake.”

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending