By Dian Hasan | June 8, 2009
In the article, report lead author Oscar Venter of the University of Queensland says that oil palm plantations currently threaten some 3.3 million hectares of forest in Kalimantan (the Indonesian part of the island or Borneo).
However his estimates for carbon payments for Reducing Emissions from Deforestation and Degradation (REDD) program could offset the lost profits from palm oil production, at prices of $10-33 per tonne of CO2, or $2-16 per ton if forest conservation targets only cost-efficient areas.
Proposed Plantations Home to Many Threatened Species
The report points out that some 40 globally threatened mammal species are found within the areas due to be deforested for palm oil, including the Bornean orangutanand the Borneo pygmy elephant.
Deforestation Takes Indonesia Into the Top Tier of Carbon Emitters
It’s also worth reminding people that conversion of forest into cropland in Indonesia is such a large source of greenhouse gas emissions, that when these emissions are taken into consideration alongside those from burning fossil fuels, Indonesia is in the top five emitters in the world.
Globally deforestation amounts to almost 30% of greenhouse gas emissions, more than the entire transportation sector.