Thu, 03 May 2007
From: The Jakarta Post
By Riyadi Suparno, The Jakarta Post, Sydney
Global carbon trading, one of the mechanisms for reducing greenhouse gasses under the Kyoto Protocol, has been increasing over time, and is today worth tens of billions of dollars. But Indonesia has been far left behind the rest of the pack.

Tony Beck, coordinator of the Australiasia Emission Trading Forum, told a Pacific Economic Cooperation Council (PECC) conference here Wednesday that over 600 projects have been registered with the Clean Development Mechanism (CDM) Executive Board in Bonn, Germany.

These are all greenhouse gases abatement projects that would generate tradable emission credits, or CERs, valued at a little over US$10 billion. The credits can be sold to companies in developed countries to meet their countries' Kyoto emission targets.

Of the projects, India dominates the tally with 226 projects, followed by Brazil with 99, Mexico on 78, and China on 71. Indonesia has managed to secure only eight projects, behind Malaysia on 15 projects.

"The designated national authority in Indonesia should be actively involved in identifying projects that might be suitable for CDM projects, and then communicating it with their counterparts in Europe and Japan, to invest in those projects," Beck told The Jakarta Post.

The designated authority in Indonesia is the National Commission on the CDM (Komnas MPB).

Beck noted that Indonesia has huge potential to benefit from carbon trading, especially in the areas of energy, mining and forestry, which are now eligible for the process.

The latest forestry project approved by the CDM Executive Board is the Pearl River Basin Project in China, which involves the reforestation of cleared land along the Pearl River basin.

Once the projects are approved and registered by the CDM Executive Board, the board then certifies tradable credits for the projects, which can be offered to individual companies in developed countries, mainly in Europe, Japan and Canada, for investment. Alternatively, the credits can be sold on the international market, including on the London Alternative Investment Market.

The United States and Australia are obviously out of the market as they are not parties to the Kyoto Protocol.

Beck noted that demand for carbon credits from the European Union, Japan and Canada is expected to amount to three to four billion tons of carbon dioxide equivalent by 2012, worth dozens of billions of dollars.

Currently, the United Kingdom is the largest investor in carbon trading, accounting 36 percent of all carbon trading, followed by the Netherlands on 18 percent, Japan on 11 percent and Switzerland on 8 percent.

Beck added that some 1,000 projects worth about $20 billion are in the pipeline up until 2012.

The future of the carbon trading mechanism, however, is unclear after 2012, when the Kyoto Protocol ends.

"We are still looking into how to make the Kyoto protocol would work effectively beyond 2012, and that includes encouraging more CDM projects," Beck said.

Speaking at the same forum, Warwick McKibbin, a professor at the Australian National University, questioned the effectiveness of global carbon trading under the Kyoto Protocol for reducing greenhouse gasses, and said he therefore supported Australia's decision not to sign up to the protocol.

He said the main flaw with the protocol was that it set the targets of greenhouse gas reductions for developed countries, and carbon trading was only one of the ways to achieve this.

As it focused on targets, the mechanisms for achieving these, including carbon trading, could sometimes be too expensive, which was why Australia had been unwilling to participate.

He suggested that after 2012, a new international mechanism to reduce greenhouse gasses be introduced, and he proposed that this new mechanism should focus on national institutions, with global common pricing for carbons.

"A regional and global approach is best implemented by coordinating national policies designed around a common price for carbon in the long run, but differentiation in the short run," he said.

Beck agreed that after 2012, there would be a new international agreement to replace the Kyoto Protocol so that it would be attractive enough for the United States to join.

Nevertheless, he said the new format would still adopt parts of the Kyoto protocol, including global carbon trading. Carbon trading under the Clean Development Mechanism would continue to be appealing, he said , as it allowed for a drastic reduction in costs for the developed countries, while achieving the same amount of emission reductions under their Kyoto obligations.


Thu, 03 May 2007
From: JakChat
Comment by chewwyUK
what's the going rate of an Indonesian CDM consultant .... $800 USD per month. Given the market is worth US$10 billion why don't companies here pay a lot more money to get better quality people???

and FYI the number of Indonesian people with experience in this area can be written on the back of a postage stamp!



News Search/Filter
Transaction Rates
20 Jul 18
Buy
Sell
AED1
3,896.92
3,896.92
AFN1
200.19
200.19
ALL1
132.25
132.25
AMD1
29.80
29.80
ANG1
7,753.14
7,753.14
AOA1
56.09
56.09
ARS1
516.17
516.17
AUD1
10,538.71
10,538.71
AWG1
8,003.39
8,003.39
AZN1
8,407.69
8,407.69
BAM1
8,481.07
8,481.07
BBD1
7,157.05
7,157.05
BDT1
169.28
169.28
BGN1
8,522.28
8,522.28
BHD1
37,822.48
37,822.48
BIF1
8.07
8.07
BMD1
14,314.10
14,314.10
BND1
9,475.38
9,475.38
BOB1
2,070.16
2,070.16
BRL1
3,737.26
3,737.26
BSD1
14,314.10
14,314.10
BTC1
106,795,836
106,795,836
BTN1
207.40
207.40
BWP1
1,381.06
1,381.06
BYN1
7,156.71
7,156.71
BZD1
7,116.96
7,116.96
CAD1
10,793.96
10,793.96
CDF1
8.87
8.87
CHF1
14,331.04
14,331.04
CLF1
592,471.40
592,471.40
CLP1
21.56
21.56
CNH1
2,110.46
2,110.46
CNY1
2,113.56
2,113.56
COP1
5.02
5.02
CRC1
25.22
25.22
CUC1
14,314.10
14,314.10
CUP1
561.33
561.33
CVE1
150.20
150.20
CZK1
643.47
643.47
DJF1
80.41
80.41
DKK1
2,238.62
2,238.62
DOP1
287.22
287.22
DZD1
121.41
121.41
EGP1
799.55
799.55
ERN1
953.59
953.59
ETB1
518.49
518.49
EUR1
16,682.46
16,682.46
FJD1
6,824.66
6,824.66
FKP1
18,641.02
18,641.02
GBP1
18,641.02
18,641.02
GEL1
5,846.44
5,846.44
GGP1
18,641.02
18,641.02
GHS1
2,990.30
2,990.30
GIP1
18,641.02
18,641.02
GMD1
297.90
297.90
GNF1
1.57
1.57
GTQ1
1,909.20
1,909.20
GYD1
68.37
68.37
HKD1
1,823.55
1,823.55
HNL1
595.99
595.99
HRK1
2,255.76
2,255.76
HTG1
211.97
211.97
HUF1
51.09
51.09
IDR1
1.00
1.00
ILS1
3,930.86
3,930.86
IMP1
18,641.02
18,641.02
INR1
207.61
207.61
IQD1
12.00
12.00
IRR1
0.32
0.32
ISK1
134.25
134.25
JEP1
18,641.02
18,641.02
JMD1
108.90
108.90
JOD1
20,174.83
20,174.83
JPY1
127.38
127.38
KES1
142.07
142.07
KGS1
209.76
209.76
KHR1
3.52
3.52
KMF1
33.81
33.81
KPW1
15.90
15.90
KRW1
12.60
12.60
KWD1
47,226.94
47,226.94
KYD1
17,165.83
17,165.83
KZT1
41.32
41.32
LAK1
1.69
1.69
LBP1
9.45
9.45
LKR1
89.51
89.51
LRD1
88.87
88.87
LSL1
1,078.27
1,078.27
LYD1
10,373.48
10,373.48
MAD1
1,510.46
1,510.46
MDL1
859.48
859.48
MGA1
4.25
4.25
MKD1
270.80
270.80
MMK1
9.95
9.95
MNT1
5.86
5.86
MOP1
1,769.29
1,769.29
MRO1
40.26
40.26
MRU1
399.16
399.16
MUR1
415.98
415.98
MVR1
928.88
928.88
MWK1
19.70
19.70
MXN1
751.88
751.88
MYR1
3,523.47
3,523.47
MZN1
243.06
243.06
NAD1
1,079.90
1,079.90
NGN1
39.58
39.58
NIO1
450.76
450.76
NOK1
1,740.17
1,740.17
NPR1
129.62
129.62
NZD1
9,657.80
9,657.80
OMR1
37,183.94
37,183.94
PAB1
14,314.10
14,314.10
PEN1
4,365.42
4,365.42
PGK1
4,345.18
4,345.18
PHP1
266.93
266.93
PKR1
111.06
111.06
PLN1
3,842.48
3,842.48
PYG1
2.49
2.49
QAR1
3,931.36
3,931.36
RON1
3,584.45
3,584.45
RSD1
141.40
141.40
RUB1
224.80
224.80
RWF1
16.46
16.46
SAR1
3,816.73
3,816.73
SBD1
1,810.81
1,810.81
SCR1
1,056.98
1,056.98
SDG1
794.59
794.59
SEK1
1,608.36
1,608.36
SGD1
10,456.54
10,456.54
SHP1
18,641.02
18,641.02
SLL1
2.19
2.19
SOS1
24.69
24.69
SRD1
1,919.29
1,919.29
SSP1
109.88
109.88
STD1
0.68
0.68
STN1
675.19
675.19
SVC1
1,634.69
1,634.69
SYP1
27.79
27.79
SZL1
1,061.09
1,061.09
THB1
427.92
427.92
TJS1
1,517.73
1,517.73
TMT1
4,089.76
4,089.76
TND1
5,416.66
5,416.66
TOP1
6,193.66
6,193.66
TRY1
2,976.23
2,976.23
TTD1
2,122.36
2,122.36
TWD1
466.45
466.45
TZS1
6.28
6.28
UAH1
545.00
545.00
UGX1
3.82
3.82
USD1
14,314.10
14,314.10
UYU1
459.14
459.14
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.65
131.65
WST1
5,529.81
5,529.81
XAF1
25.43
25.43
XAG1
219,377.65
219,377.65
XAU1
17,513,898.30
17,513,898.30
XCD1
5,296.51
5,296.51
XDR1
20,003.03
20,003.03
XOF1
25.43
25.43
XPD1
13,127,513.16
13,127,513.16
XPF1
139.79
139.79
XPT1
11,572,848.46
11,572,848.46
YER1
57.19
57.19
ZAR1
1,056.66
1,056.66
ZMW1
1,454.51
1,454.51
ZWL1
44.40
44.40
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services