TheJakartaPost
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The recent launch of Indonesia’s carbon exchange could drive the business of carbon credit certification as firms and organizations seek to demonstrate their sustainability credentials, but experts note that the regulatory framework for this has yet to be completed.
Across nearly a score of UN-backed offset projects examined in central Africa, South America and Southeast Asia, only 5.4 million out of 89 million credits, about six percent, actually resulted in carbon reduction through forest preservation, scientists reported this week in the journal Science.
Despite the muted role of the region in the lead up to the loss and damage agreement, some countries in Southeast Asia demonstrated moments of progress and leadership, occasionally making headlines.
Protecting trees is key to meeting climate goals but environmentalists blame Indonesia -- home to the world's third-largest rainforest area -- for a deforestation free-for-all by allowing companies to clear land for new plantations.
Protecting trees is key to meeting ambitious climate goals, with tropical rainforest loss accounting for about eight percent of annual carbon dioxide emissions, according to monitoring platform Global Forest Watch.
