Indonesia's Bold Carbon Credit Move: A Green Leap

Indonesia plans to offer 13.4 billion tons of carbon credits to international buyers. Forestry Minister Raja Juli Antoni announced that projects, including reforesting 12 million hectares, are on the table. Discussions with potential buyers will happen in Brazil, facilitated by the International Emissions Trading Association.

Indonesia is set to enter the international carbon market with an offering of 13.4 billion tons of carbon credits, according to its forestry minister. This comes in the wake of the nation's recent re-entry into global carbon emissions trading.

Forestry Minister Raja Juli Antoni revealed that among the key proposals is a significant reforestation initiative, targeting 12 million hectares of degraded land. This ambitious project underscores Indonesia's commitment to environmental sustainability and the reduction of carbon footprints.

A business roundtable event organized by the International Emissions Trading Association will take place on November 8 in Brazil, where Minister Antoni will discuss potential deals with interested buyers, highlighting Indonesia's proactive approach to green economics.

(With inputs from agencies.)