Indonesia's Forestry Minister, Raja Juli Antoni, announced that his ministry is currently preparing a mechanism to facilitate the trading of carbon from the forestry and other land use (FOLU) sector within the carbon market. During a press conference following the launch of Indonesia's international carbon trading on Monday, January 20, he noted that this development is an important momentum in implementing carbon pricing, including enhancing its potential in the FOLU sector. Indonesia aims to achieve a net sink condition in its FOLU sector by 2030, meaning that carbon absorption will surpass emissions.Antoni noted that the launch of Indonesia's international carbon trading on Monday reflects the concrete effort of the government, aligning with Indonesia's pledges made during the 29th UN Climate Change Conference (COP29) held in Baku, Azerbaijan, in 2024. On the same occasion, OJK Board of Commissioners Chair Mahendra Siregar explained that his agency is ready to support the steps taken by ministries and other agencies to implement carbon pricing through mechanisms such as carbon trading.This initiative also encompasses emissions reductions from the FOLU sector that can be traded within the carbon market.Source: https://en.antaranews.com/news/342102/indonesia-develops-carbon-trading-mechanism-for-folu-sector?utm_source=antaranews&utm_medium=desktop&utm_campaign=editor_picks  (ICE GIACARTA)

Fonte notizia: ANTARA NEWS, 20 January 2025