Feasibility Study For BP Forest Carbon Offset Project: Carbon Stock Assessment In Watershed Rehabilitation Area , Bintuni Bay - West Papua Province

Abstract

BP Indonesia, an oil and gas company operating in Teluk Bintuni District, has a commitment to reduce emissions by around 1 million tons of CO2 per year. One of the efforts that has been made to achieve this target is carrying out rehabilitation activities on 1,320 hectares of rehabilitation land. However, this action is still far from reaching the emission reduction target. Therefore, additional efforts are needed through other mechanisms, such as forest carbon offset or other mechanisms that are recognized by the central government and the international community. For this reason, BP Indonesia require a feasibility study prior make further decisions regarding emission reduction strategies that comply with national regulations or international carbon trading requirements.