Indonesia is preparing for its first-ever carbon trading market next week. The initiative is aimed at reducing greenhouse gas emissions.
The planned carbon market is set to be Southeast Asia’s largest. It is part of Indonesia’s commitment to reduce emissions by 29% by 2030.
Companies will have the chance to buy and sell carbon credits. The government hopes this will incentivize businesses to lower their carbon footprint while stimulating the country’s green economy.
Some see this move as a step forward in the fight against global climate change, considering Indonesia’s status as a major emitter of CO2.
Read source article here:
https://www.reuters.com/sustainability/indonesia-plans-first-carbon-trade-next-week-2023-09-18/
