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Jakarta Post

Govt to set up new council to manage REDD projects

  • Adianto P. Simamora

    The Jakarta Post

Jakarta   /   Wed, May 19 2010   /  10:29 am

The government plans to establish a special council that would prevent local authorities and middlemen from trading carbon credit on international markets without government approval.The council will decide whether to endorse projects before they are registered at the UN office for financial incentives.Head of a climate working group at the Forestry Ministry Wandojo Siswanto said the proposed council was not intended to discourage carbon brokers or foreign investors from developing REDD projects in Indonesia.“The developers should first register REDD projects with the council for approval,” he told The Jakarta Post on the sidelines of a workshop on the Forest Carbon Partnership Facility (FCPF) program.The FCPF program was developed by the World Bank to help Indonesia finance the initial development of its REDD projects. The WB has provided US$18.9 million to Indonesia to help it pave...