Indonesia is one step closer to implementing a carbon-pricing scheme within the domestic market as part of efforts to achieve its emission-reduction targets following the launch of a public service agency (BLU) tasked with managing funds related to environmental protection and conservation.
The BLU is expected to be more flexible in managing environmental funds from domestic and international sources as well as disbursing them for pro-environment initiatives.
The agency, named the Indonesian Environmental Estate Fund (BPDLH), was jointly launched by three ministries namely the Office of the Coordinating Economic Minister, the Finance Ministry and the Environment and Forestry Ministry on Wednesday.
Finance Minister Sri Mulyani Indrawati said the agency would have several functions, such as financially supporting ministries and governmental institutions in ...
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