Our research shows that the cost of offsetting biodiversity loss is extremely high, making full compensation practically impossible. This high cost highlights the importance of conserving primary forest and peatlands in the tropics, and promoting an ‘avoid’ and minimise’ approach to further development.
Despite international concern, offsetting carbon impacts from oil-palm development is not yet popular in existing offsetting policies and practices. For example, current ‘Remediation and Compensation Procedures’ developed by the Roundtable on Sustainable Palm Oil do not explicitly state that carbon emissions must to be compensated.
If implemented, carbon offsetting via restoration of degraded peatlands can be integrated with emerging policy of community forestry facilitated by Peatland Restoration Agency (BRG) and Ministry of Environment and Forestry.
Obviously, there are tough choices that need to be made.
To which ecological impacts ought offsetting apply? Who will make these value judgements? If there are trade-offs among outcomes, will civil society accept the compromise?
...And who should pay?
For more information: Sugeng Budiharta, email@example.com.
Media: CEED Communications, Casey Fung, firstname.lastname@example.org, +61 433 638 643
Recent CEED research found sustainable certified palm oil is failing to achieve its goals - read more
Cover photo: Glenn Hurowitz - Mature palm oil plantation on former rainforest land Central Kalimantan, Borneo, Indonesia (2012)