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Indonesia's village cooperatives may join carbon market: minister
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ANTARA News - Latest Indonesia News
Indonesia's village cooperatives may join carbon market: ministerJakarta (ANTARA) - Indonesia’s Environment Minister Muhammad Jumhur Hidayat said Village Cooperatives, known as KDMP, could participate in carbon trading by restoring forests, mangroves and other ecosystems.
“KDMP can participate if it carries out environmental restoration, which can earn incentives from the carbon market,” Jumhur said in Jakarta on Wednesday.He said cooperatives generally could also enter the business, allowing more communities to benefit economically from carbon trading.Jumhur said the proposal reflects Indonesia’s potential as a major provider of environmental services, particularly through forests and mangroves that absorb carbon emissions.He said cooperatives could manage carbon units generated through the use or restoration of forest and mangrove areas.Cooperatives could register the carbon units with the National Registry System before trading them in the carbon market, he said.
The Environment Ministry manages it to record, manage and verify traded carbon units.The government said SRUK is designed to support transparent, credible and high-integrity carbon trading while preventing double counting of emissions reductions.SRUK is also designed to connect with Indonesia’s carbon exchange, IDXCarbon, and international carbon registry systems.
Translator: A.N.
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