Indonesia starts fund for carbon trading to meet emission goalsBurnt trees are pictured during a forest fire in Kapuas regency near Palangka Raya, Central Kalimantan province, Indonesia, Oct 3, 2019. (Reuters file photo)JAKARTA: Indonesia plans to develop a market for carbon trading under a new agency formed to fund efforts to meet greenhouse gas emission reduction target under the Paris climate pact. The agency will also fund various carbon reduction programs of ministries and seek multiple sources of financing, Finance Minister Sri Mulyani Indrawati said. The agency can potentially manage as much as 800 trillion rupiah in the future, she said. The government set aside 109.7 trillion rupiah of funds for climate-related matters in the 2018 state budget.

Source: Bangkok Post October 09, 2019 06:33 UTC