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Jakarta Post

Beware of fake carbon brokers, warns govt

  • Adianto P. Simamora

    The Jakarta Post

Bogor   /   Tue, October 27 2009   /  12:50 pm

The government has warned local authorities to carefully review all carbon brokerage firms offering incentives such as huge financial benefits from the forestry sector for engaging in carbon trading. Forestry Ministry official Wandojo Siswanto said over the weekend that many carbon brokers were now directly approaching regents and mayors, asking them to sign memorandums of understanding (MoU) to develop projects under the REDD (reducing emissions from deforestation and forest degradation) scheme. "They offer pledges that say the regencies or cities will get a lot of money from REDD projects but they provide no programs," he told a journalist training program in Bogor, West Java, on Saturday. "Regents and mayors in Kalimantan and Sumatra have been offered such promises. The brokers who claimed to be carbon developers launch intensive campaigns to convince regents to sign th...