Carbon scheme will help save Aceh forest

Banda Aceh - An Australian company has secured an international corporate deal, that will save 750,000 hectares of rainforest in Indonesia.

The company, Carbon Conservation, has persuaded Wall St banker Merrill Lynch to sink $9 million into local businesses in Aceh.

The deal could be worth $400 million in carbon credits for the bank.

Carbon Conservation chief executive, Dorje Sun, says the forest will be guarded by 1000 heavily-armed former Free Aceh rebels.

He says 100 million tonnes of carbon dioxide will now stay locked in the rainforest.

"Never before in history has there been a commercial bank, with commercial returns in mind to actually pay people, community owners in Aceh, for the protection and the utility the rainforests provide there."

Source: www.abc.net.au
Credit Photo: www.estan.org

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