Indonesia to 'sell' carbon emissions

Indonesia to 'sell' carbon emissions

JAKARTA: The Indonesian delegation to an environment forum in
the Philippines is set to offer developed countries 13 projects
for carbon emission reduction under the Clean Development
Mechanism (CDM), says an official.

Deputy State Minister for Environment Conservation Liana
Bratasida who will lead the delegation to the Manila meeting
scheduled for Sept. 10 to Sept. 12 said that the South East Asia
Forum on Greenhouse Gas Mitigation, Market Mechanisms and
Sustainable Development will be the best forum to market CDM
projects in Indonesia.

Indonesia expects to "sell" 445,919 tons of carbon to
developed countries, she said. Each ton of the reduction in
carbon emissions valued at between US$ 3 to $5.

CDM is aimed at achieving cost-effective greenhouse gas (GHG)
mitigation for industrialized countries by promoting sustainable
development in developing countries.

For investment, companies in developing countries will earn in
return certified emission reductions (CERs) that developed
countries may use to meet Kyoto Protocol commitments.

Indonesia currently has 7 million tons of carbon emission
reduction potential that developed countries can pay the
government for. -- JP