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Jakarta Post

RI expedites regulation on global carbon trading

  • Tri Indah Oktavianti

    Jakarta

Jakarta   /   Wed, July 8 2020   /  01:00 am
Thick smog blankets the high rise buildings in Jakarta's business district of Jl. Sudirman area on Oct. 9, 2019.(JP/Dhoni Setiawan)

The government is seeking to hasten the issuance of a carbon trading regulation as part of Indonesia’s commitment to reduce global greenhouse gas emissions. The government has spent the last year preparing an emissions trading system for the future domestic carbon market, Environment and Forestry Minister Siti Nurbaya Bakar said. "The process has been going on for a long time. It has been discussed in the Cabinet Secretariat and the State Secretariat. Soon it will be passed on to the Law and Human Rights Ministry to be discussed at the ministerial level," she said after a limited Cabinet meeting with President Joko "Jokowi" Widodo on Monday. Siti said the regulations would address three main issues: guidelines for carbon trading, carbon offsets and the commodity market, which will be based in Jakarta. Indonesia has approximately 94.1 million hectares...