Govt eyeing up CDM projects<\/p>\n
Dewi Santoso, Jakarta<\/p>\n
Indonesia is in negotiations to secure two Clean Development
\nMechanism (CDM) projects in the energy sector as part of the
\nKyoto Protocol, which the House of Representatives endorsed last
\nmonth.<\/p>\n
Deputy State Minister for the Environment Sudariyono said on
\nThursday that the Dutch government and German-based drug producer
\nBayer had shown interest in the projects, which will be in
\ncooperation with state enterprises and cement producer PT
\nIndocement respectively.<\/p>\n
\"We hope to strike the deal by the end of this year and start
\nthe projects soon afterwards,\" said Sudariyono.<\/p>\n
A Memorandum of Understanding (MOU) is now being drafted to
\nprovide the basis for the cooperation, which includes the price
\nset for one ton of carbon emissions resulting from the program.<\/p>\n
Sudariyono said the Dutch government might agree to pay 5 euro
\nper ton of carbon emission.<\/p>\n
The CDM program is part of the Kyoto Protocol, in which
\nadvanced countries are required to invest in developing countries
\nto reduce green house gas (GHGs) levels through clean energy
\npower plants and reforestation projects.<\/p>\n
Although the protocol will not be legally binding in the world
\nuntil Russia ratifies it, Sudariyono said many European
\ngovernments would still utilize the project.<\/p>\n
As an international treaty intended to lower greenhouse gas
\nemissions, the Kyoto Protocol was signed by 159 countries in
\n1997. Of the signatories, 123 countries have ratified it, 40 of
\nthem are industrialized nations that agreed to bring down their
\ngreenhouse gas emissions by 5.2 percent from their 1990 level by
\n2012.<\/p>\n
By ratifying the protocol, Indonesia expects to open the door
\nfor developed nations to \"trade\" carbon emissions by investing in
\nthe use of renewable energy production and the replacement of
\nfossil fuels with renewable sources through clean energy and
\nreforestation.<\/p>\n
Reforestation is likely more effective in lowering GHG levels
\nas it absorbs more carbon emission (a total of 28 million tons)
\nas compared to energy sector (8 million tons). But the former is
\nnot as attractive to buyers.<\/p>\n
\"I think the reason is largely because unlike forests, which
\ncan cover hundreds of hectares of land, the energy sector is
\neasier to control as it takes place in a limited area,\"
\nSudariyono said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/govt-eyeing-up-cdm-projects-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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