VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

photo : JP

The Indonesian government is speeding up efforts to issue a regulation on carbon trading as part of Indonesia’s commitment to reducing global greenhouse gas emissions. Environment and Forestry Minister Siti Nurbaya Bakar said that the government has spent the last year preparing the emission-trading system for the future domestic carbon market. Minister Siti Nurbaya mentioned that the set of regulations would stipulate at least three main issues including guidelines and plans on carbon trading, carbon offsets and the commodity market, which will be based in Jakarta. Ever since 2018, Indonesia has been actively introducing green sukuk to the worldwide market as an instrument to collect 1.25 billion USDollar in funds, to finance environmentally friendly projects. Minister Siti Nurbaya also revealed that movement on the regulation was made after the government confirmed receipt of a 56 million USDollar grant from Norway as the first payment for Indonesia's success in reducing carbon emissions under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) cooperation scheme.  The agency would support climate change mitigation and adaptation efforts, which included carbon trading//JP